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The fund has $2,031,183 in total assets. If the fund’s annual losses stay the same, it would run out of money in nine years without these subsidies.
The fund earned $17,309 in investment income and other revenue in 2018. At the same time, it paid out $263,655 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 $312,678 to the fund’s revenue last year – an amount that has decreased from $343,890 five years ago. Members contributed an additional $33,173 – $10,029 more than five years ago.
In all, subsidies amounted to $345,851 in 2018.
Creve Coeur Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $17,309 | $263,655 | -$246,346 |
| 2017 | $55,573 | $266,011 | -$210,438 |
| 2016 | $9,908 | $275,744 | -$265,836 |
| 2015 | $50,650 | $272,015 | -$221,365 |
| 2014 | $23,367 | $247,670 | -$224,303 |
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