The fund has $6,138,148 in total assets. If the funds annual losses were the same, it would run out of money in 16 years without these subsidies.
The fund lost $22,723 in investment income and other revenue in 2016. At the same time, it paid out $379,120 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 $996,122 to the funds revenue last year – an amount that has increased from $485,000 five years ago. Members contributed an additional $119,990 – $23,120 more than five years ago.
In all, subsidies amounted to $1,116,112 in 2016.
Herrin Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$22,723 | $379,120 | -$401,843 |
| 2015 | $272,699 | $398,912 | -$126,213 |
| 2014 | $176,498 | $414,506 | -$238,008 |
| 2013 | $185,521 | $404,864 | -$219,343 |
| 2012 | $185,998 | $380,681 | -$194,683 |
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