The fund has $20,951 in total assets. If the funds annual losses were the same, it would run out of money in one year without these subsidies.
The fund earned $85 in investment income and other revenue in 2016. At the same time, it paid out $24,981 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 $11,329 to the funds revenue last year – an amount that has increased from $9,689 five years ago. Members made no contributions this year.
In all, subsidies amounted to $11,329 in 2016.
South Chicago Heights Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | $85 | $24,981 | -$24,896 |
| 2015 | $16 | $24,136 | -$24,120 |
| 2014 | $7 | $23,159 | -$23,152 |
| 2013 | $20 | $21,985 | -$21,965 |
| 2012 | $80 | $21,745 | -$21,665 |
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