South Central Reporter

Without members and taxpayers subsidizing its revenue, the Taylorville Police Pension Fund would have lost $73,600 in 2018, according to a South Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $7,904,086 in total assets. If the fund’s annual losses stay the same, it would run out of money in 108 years without these subsidies.

The fund earned $381,367 in investment income and other revenue in 2018. At the same time, it paid out $454,967 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 $427,870 to the fund’s revenue last year – an amount that has increased from $332,145 five years ago. Members contributed an additional $103,800 – $15,434 more than five years ago.

In all, subsidies amounted to $531,670 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	$381,367	$454,967	-$73,600
2017	$489,449	$456,536	$32,913
2016	-$63,509	$455,552	-$519,061
2015	$426,119	$395,216	$30,903
2014	$309,518	$389,528	-$80,010