South Central Reporter

Without members and taxpayers subsidizing its revenue, the Litchfield Police Pension Fund would have lost $140,313 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 $5,531,328 in total assets. If the fund’s annual losses stay the same, it would run out of money in 40 years without these subsidies.

The fund earned $268,097 in investment income and other revenue in 2018. At the same time, it paid out $408,410 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 $460,747 to the fund’s revenue last year – an amount that has increased from $375,266 five years ago. Members contributed an additional $81,399 – $7,054 more than five years ago.

In all, subsidies amounted to $542,146 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	$268,097	$408,410	-$140,313
2017	$284,621	$419,422	-$134,801
2016	-$56,926	$408,224	-$465,150
2015	$230,755	$399,220	-$168,465
2014	$170,503	$454,959	-$284,456