The fund has $3,795,992 in total assets. If the funds annual losses were the same, it would run out of money in 13 years without these subsidies.
The fund lost $148,085 in investment income and other revenue in 2016. At the same time, it paid out $150,985 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 $167,814 to the funds revenue last year – an amount that has decreased from $178,084 five years ago. Members contributed an additional $94,498 – $35,688 less than five years ago.
In all, subsidies amounted to $262,312 in 2016.
Posen Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$148,085 | $150,985 | -$299,070 |
| 2015 | $203,333 | $130,516 | $72,817 |
| 2014 | $259,705 | $106,411 | $153,294 |
| 2013 | $218,950 | $102,009 | $116,941 |
| 2012 | $64,834 | $170,360 | -$105,526 |
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