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The fund has $8,854,252 in total assets. If the fund’s annual losses stay the same, it would run out of money in 16 years without these subsidies.
The fund earned $453,238 in investment income and other revenue in 2018. At the same time, it paid out $1,017,052 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.
Taxpayers added $245,864 to the fund’s revenue last year – an amount that has increased from $239,585 five years ago. Members contributed an additional $157,398 – $26,219 more than five years ago.
In all, subsidies amounted to $403,262 in 2018.
Roberts Park FPD Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $453,238 | $1,017,052 | -$563,814 |
| 2017 | $660,046 | $917,600 | -$257,554 |
| 2016 | -$209,244 | $872,956 | -$1,082,200 |
| 2015 | $459,810 | $818,915 | -$359,105 |
| 2014 | $571,427 | $773,068 | -$201,641 |
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