Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which East Central Illinois pension funds will go bankrupt first?
Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Robinson Police Pension Fund
Robinson
$8,331
$150,415
-$142,084
0
2
Shelbyville Police Pension Fund
Shelbyville
$16,386
$135,619
-$119,233
0
3
Effingham Police Pension Fund
Effingham
$12,453
$909,879
-$897,426
0
4
Lawrenceville Police Pension Fund
Lawrenceville
-$11,058
$259,932
-$270,990
0
5
Olney Firefighters Pension Fund
Olney
$25,962
$189,289
-$163,327
0
6
Robinson FPD Firefighters Pension Fund
Robinson
-$2,133
$275,660
-$277,793
0
7
Effingham Firefighters Pension Fund
Effingham
-$53,367
$735,475
-$788,842
0
8
Charleston Firefighters Pension Fund
Charleston
-$321,056
$1,565,278
-$1,886,334
0
9
Charleston Police Pension Fund
Charleston
-$264,568
$1,432,734
-$1,697,302
0
10
Mattoon Police Pension Fund
Mattoon
-$715,510
$2,036,000
-$2,751,510
0
ORGANIZATIONS IN THIS STORY
Charleston Police Pension Fund• Shelbyville Police Pension Fund• Mattoon Police Pension Fund• Robinson Police Pension Fund• Lawrenceville Police Pension Fund• Charleston Firefighters Pension Fund• Olney Firefighters Pension Fund• Robinson Fire Department Firefighters Pension Fund• Effingham Firefighters Pension Fund• Effingham Police Pension Fund
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