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The fund has $28,161,129 in total assets. If the fund’s annual losses stay the same, it would run out of money in 35 years without these subsidies.
The fund earned $1,430,242 in investment income and other revenue in 2018. At the same time, it paid out $2,258,273 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 $1,836,854 to the fund’s revenue last year – an amount that has increased from $1,235,772 five years ago. Members contributed an additional $369,929 – $80,118 less than five years ago.
In all, subsidies amounted to $2,206,783 in 2018.
Oak Forest Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $1,430,242 | $2,258,273 | -$828,031 |
| 2017 | $1,865,891 | $2,091,780 | -$225,889 |
| 2016 | -$634,496 | $2,000,761 | -$2,635,257 |
| 2015 | $1,135,689 | $1,893,624 | -$757,935 |
| 2014 | $1,446,044 | $1,625,693 | -$179,649 |
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