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Tuesday, April 29, 2025

Analysis: Lincoln Police Pension Fund would go bankrupt in 16 years without taxpayer subsidy

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Without members and taxpayers subsidizing its revenue, the Lincoln Police Pension Fund would have lost $625,457 in 2018, according to a Sangamon Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $9,717,398 in total assets. If the fund’s annual losses stay the same, it would run out of money in 16 years without these subsidies.

The fund earned $684,914 in investment income and other revenue in 2018. At the same time, it paid out $1,310,371 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 $735,297 to the fund’s revenue last year – an amount that has increased from $572,209 five years ago. Members contributed an additional $164,796 – $7,113 more than five years ago.

In all, subsidies amounted to $900,093 in 2018.

Lincoln Police Pension Fund non-subsidy revenue over five years
YearTotal non-subsidy revenueTotal expensesOutcome without subsidies
2018$684,914$1,310,371-$625,457
2017$622,812$1,327,678-$704,866
2016-$12,175$1,302,209-$1,314,384
2015$671,048$1,184,809-$513,761
2014$635,531$1,131,066-$495,535

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