The fund has $17,451,526 in total assets. If the funds annual losses were the same, it would run out of money in nine years without these subsidies.
The fund lost $457,177 in investment income and other revenue in 2016. At the same time, it paid out $1,618,035 in expenses, according to the 2017 biennial report detailing the health of each of the states pension funds and retirement systems. The difference between the two shows the funds annual loss without subsidies.
Taxpayers added $1,076,041 to the funds revenue last year – an amount that has decreased from $1,165,519 five years ago. Members contributed an additional $534,829 – $107,602 more than five years ago.
In all, subsidies amounted to $1,610,870 in 2016.
Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
---|---|---|---|
2016 | -$457,177 | $1,618,035 | -$2,075,212 |
2015 | $827,255 | $1,432,455 | -$605,200 |
2014 | $1,108,131 | $1,368,257 | -$260,126 |
2013 | $1,224,350 | $1,122,477 | $101,873 |
2012 | $108,135 | $1,137,700 | -$1,029,565 |