Adobe Stock
Adobe Stock
The fund has $11,640,543 in total assets. If the fund’s annual losses stay the same, it would run out of money in seven years without these subsidies.
The fund lost $1,059,951 in investment income and other revenue in 2018. At the same time, it paid out $819,587 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 $825,959 to the fund’s revenue last year – an amount that has increased from $618,952 five years ago. Members contributed an additional $180,315 – $61,210 more than five years ago.
In all, subsidies amounted to $1,006,274 in 2018.
Chicago Ridge Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | -$1,059,951 | $819,587 | -$1,879,538 |
| 2017 | $1,204,933 | $792,634 | $412,299 |
| 2016 | $832,350 | $773,775 | $58,575 |
| 2015 | -$102,243 | $608,575 | -$710,818 |
| 2014 | $380,359 | $454,843 | -$74,484 |
Alerts Sign-up