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The fund has $86,179,369 in total assets. If the fund’s annual losses stay the same, it would run out of money in 94 years without these subsidies.
The fund earned $4,848,740 in investment income and other revenue in 2018. At the same time, it paid out $5,770,551 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 $3,958,950 to the fund’s revenue last year – an amount that has increased from $3,842,882 five years ago. Members contributed an additional $884,668 – $188,299 more than five years ago.
In all, subsidies amounted to $4,843,618 in 2018.
Champaign Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $4,848,740 | $5,770,551 | -$921,811 |
| 2017 | $6,706,177 | $5,287,720 | $1,418,457 |
| 2016 | $1,500,853 | $5,029,436 | -$3,528,583 |
| 2015 | $2,037,770 | $4,810,487 | -$2,772,717 |
| 2014 | $8,706,294 | $4,431,110 | $4,275,184 |
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