East Central Reporter

Without members and taxpayers subsidizing its revenue, the Mattoon Police Pension Fund would have lost $643,630 in 2018, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $18,542,619 in total assets. If the fund’s annual losses stay the same, it would run out of money in 29 years without these subsidies.

The fund earned $1,545,172 in investment income and other revenue in 2018. At the same time, it paid out $2,188,802 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 $1,639,440 to the fund’s revenue last year – an amount that has increased from $1,372,591 five years ago. Members contributed an additional $253,608 – $26,032 more than five years ago.

In all, subsidies amounted to $1,893,048 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	$1,545,172	$2,188,802	-$643,630
2017	$1,656,959	$2,109,232	-$452,273
2016	-$715,510	$2,036,000	-$2,751,510
2015	$1,022,919	$1,976,053	-$953,134
2014	$1,351,976	$1,837,463	-$485,487