South Central Reporter

Without members and taxpayers subsidizing its revenue, the Greenville Police Pension Fund would have lost $47,362 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 $4,914,733 in total assets. If the fund’s annual losses stay the same, it would run out of money in 104 years without these subsidies.

The fund earned $203,240 in investment income and other revenue in 2018. At the same time, it paid out $250,602 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 $219,308 to the fund’s revenue last year – an amount that has increased from $168,461 five years ago. Members contributed an additional $52,671 – $5,801 more than five years ago.

In all, subsidies amounted to $271,979 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	$203,240	$250,602	-$47,362
2017	$187,530	$181,890	$5,640
2016	$61,834	$163,541	-$101,707
2015	$373,741	$169,790	$203,951
2014	$144,220	$126,638	$17,582