Dupage Policy Journal

Without members and taxpayers subsidizing its revenue, the Darien Woodridge FPD Firefighters Pension Fund would have lost $45,223 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 $21,043,090 in total assets. If the fund’s annual losses stay the same, it would run out of money in 466 years without these subsidies.

The fund earned $1,461,742 in investment income and other revenue in 2018. At the same time, it paid out $1,506,965 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 $883,483 to the fund’s revenue last year – an amount that has increased from $296,398 five years ago. Members contributed an additional $300,752 – $59,159 more than five years ago.

In all, subsidies amounted to $1,184,235 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	$1,461,742	$1,506,965	-$45,223
2017	$1,855,359	$1,334,754	$520,605
2016	-$192,865	$1,120,457	-$1,313,322
2015	$1,004,840	$1,085,891	-$81,051
2014	$1,375,314	$931,740	$443,574