Analysis: This Greater Decatur pension fund would go bankrupt fastest without subsidies
A pension fund in Sullivan would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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 Greater Decatur pension funds will go bankrupt first?
|Fund||City||Total Non-Subsidy Revenue||Total Expenses||Total Annual Los without Subsidy||Years Until Assets Spent|
|Sullivan FPD Firefighters Pension Fund||Sullivan||-$6,168||$213,467||-$219,635||0|