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The fund has $6,103,229 in total assets. If the fund’s annual losses stay the same, it would run out of money in 20 years without these subsidies.
The fund earned $827,995 in investment income and other revenue in 2018. At the same time, it paid out $1,146,256 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 $729,218 to the fund’s revenue last year – an amount that has increased from $544,415 five years ago. Members contributed an additional $114,955 – $14,446 more than five years ago.
In all, subsidies amounted to $844,173 in 2018.
Lincoln Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $827,995 | $1,146,256 | -$318,261 |
| 2017 | $93,766 | $1,067,194 | -$973,428 |
| 2016 | $579,231 | $1,005,920 | -$426,689 |
| 2015 | $25,689 | $974,987 | -$949,298 |
| 2014 | $505,477 | $1,032,242 | -$526,765 |
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