Rockford Sun

Without members and taxpayers subsidizing its revenue, the Rockford Police Pension Fund would have lost $25,798,929 in 2018, according to a Rockford Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $189,033,828 in total assets. If the fund’s annual losses stay the same, it would run out of money in eight years without these subsidies.

The fund lost $7,850,541 in investment income and other revenue in 2018. At the same time, it paid out $17,948,388 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 $8,208,018 to the fund’s revenue last year – an amount that has increased from $5,717,048 five years ago. Members contributed an additional $3,349,195 – $1,217,640 more than five years ago.

In all, subsidies amounted to $11,557,213 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	-$7,850,541	$17,948,388	-$25,798,929
2017	$24,980,879	$16,946,146	$8,034,733
2016	$13,527,962	$16,142,550	-$2,614,588
2015	$1,422,143	$15,591,526	-$14,169,383
2014	$11,614,824	$14,920,020	-$3,305,196