Rockford Sun

Without members and taxpayers subsidizing its revenue, the South Beloit Police Pension Fund would have lost $852,251 in 2018, according to a Rockford Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $3,714,554 in total assets. If the fund’s annual losses stay the same, it would run out of money in five years without these subsidies.

The fund lost $100,613 in investment income and other revenue in 2018. At the same time, it paid out $751,638 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 $304,520 to the fund’s revenue last year – an amount that has increased from $211,753 five years ago. Members contributed an additional $75,519 – $30,546 more than five years ago.

In all, subsidies amounted to $380,039 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	-$100,613	$751,638	-$852,251
2017	$510,230	$80,959	$429,271
2016	$161,301	$77,397	$83,904
2015	$3,882	$105,287	-$101,405
2014	$81,877	$35,813	$46,064