Analysis: Villa Park Police Pension Fund would go broke in 10 years without taxpayer subsidy
The fund has $25,988,511 in total assets. If the funds annual losses were the same, it would run out of money in 10 years without these subsidies.
The fund lost $126,411 in investment income and other revenue in 2016. At the same time, it paid out $2,531,982 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 $1,252,475 to the funds revenue last year – an amount that has decreased from $1,300,092 five years ago. Members contributed an additional $319,406 – $40,670 more than five years ago.
In all, subsidies amounted to $1,571,881 in 2016.