Adobe Stock
Adobe Stock
The fund has $12,411,228 in total assets. If the fund’s annual losses stay the same, it would run out of money in 51 years without these subsidies.
The fund earned $921,160 in investment income and other revenue in 2018. At the same time, it paid out $1,168,277 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 $456,912 to the fund’s revenue last year – an amount that has decreased from $479,277 five years ago. Members contributed an additional $151,907 – $5,130 more than five years ago.
In all, subsidies amounted to $608,819 in 2018.
Dolton Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $921,160 | $1,168,277 | -$247,117 |
| 2017 | $882,593 | $1,089,924 | -$207,331 |
| 2016 | -$368,401 | $895,610 | -$1,264,011 |
| 2015 | $486,675 | $871,074 | -$384,399 |
| 2014 | $928,523 | $851,315 | $77,208 |
Alerts Sign-up