The fund has $338,829 in total assets. If the funds annual losses were the same, it would run out of money in six years without these subsidies.
The fund lost $267 in investment income and other revenue in 2016. At the same time, it paid out $65,539 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 $201,241 to the funds revenue last year – an amount that has increased from $51,533 five years ago. Members made no contributions this year – $3,999 less than five years ago.
In all, subsidies amounted to $201,241 in 2016.
Robbins Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$267 | $65,539 | -$65,806 |
| 2015 | $74 | $77,847 | -$77,773 |
| 2014 | $126 | $126,294 | -$126,168 |
| 2013 | $339 | $64,921 | -$64,582 |
| 2012 | $365 | $65,788 | -$65,423 |
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