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The fund has $8,037,808 in total assets. If the fund’s annual losses stay the same, it would run out of money in 162 years without these subsidies.
The fund earned $477,381 in investment income and other revenue in 2018. At the same time, it paid out $527,232 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 $538,814 to the fund’s revenue last year – an amount that has increased from $150,632 five years ago. Members contributed an additional $115,386 – $34,196 less than five years ago.
In all, subsidies amounted to $654,200 in 2018.
University Park Policemen's Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $477,381 | $527,232 | -$49,851 |
| 2017 | $489,368 | $498,527 | -$9,159 |
| 2016 | -$4,386 | $442,305 | -$446,691 |
| 2015 | $345,279 | $507,367 | -$162,088 |
| 2014 | $564,059 | $433,761 | $130,298 |
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