Macon Reporter

Without members and taxpayers subsidizing its revenue, the Sullivan FPD Firefighters Pension Fund would have lost $143,426 in 2018, according to a Macon Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $3,931,027 in total assets. If the fund’s annual losses stay the same, it would run out of money in 28 years without these subsidies.

The fund earned $101,188 in investment income and other revenue in 2018. At the same time, it paid out $244,614 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 $167,058 to the fund’s revenue last year – an amount that has increased from $147,925 five years ago. Members contributed an additional $57,257 – $4,847 more than five years ago.

In all, subsidies amounted to $224,315 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	$101,188	$244,614	-$143,426
2017	$322,783	$213,640	$109,143
2016	-$6,168	$213,467	-$219,635
2015	$24,405	$199,281	-$174,876
2014	$372,083	$193,503	$178,580