Dupage Policy Journal

Without members and taxpayers subsidizing its revenue, the Itasca Police Pension Fund would have lost $870,749 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $15,567,023 in total assets. If the fund’s annual losses stay the same, it would run out of money in 18 years without these subsidies.

The fund earned $758,725 in investment income and other revenue in 2018. At the same time, it paid out $1,629,474 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 $1,168,415 to the fund’s revenue last year – an amount that has increased from $578,545 five years ago. Members contributed an additional $196,565 – $2,465 less than five years ago.

In all, subsidies amounted to $1,364,980 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	$758,725	$1,629,474	-$870,749
2017	$1,035,759	$1,537,098	-$501,339
2016	-$410,734	$1,301,520	-$1,712,254
2015	$759,851	$1,066,913	-$307,062
2014	$1,047,799	$961,445	$86,354