South Central Reporter

Without members and taxpayers subsidizing its revenue, the Centralia Firefighters Pension Fund would have lost $1,517,660 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 $11,917,739 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 $446,746 in investment income and other revenue in 2018. At the same time, it paid out $1,070,914 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 $520,073 to the fund’s revenue last year – an amount that has increased from $472,702 five years ago. Members contributed an additional $96,114 – $1,515 more than five years ago.

In all, subsidies amounted to $616,187 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	-$446,746	$1,070,914	-$1,517,660
2017	$1,575,271	$1,054,292	$520,979
2016	$454,175	$967,138	-$512,963
2015	$407,707	$941,866	-$534,159
2014	$584,906	$944,993	-$360,087