The fund has $31,375,755 in total assets. If the funds annual losses were the same, it would run out of money in seven years without these subsidies.
The fund lost $1,479,316 in investment income and other revenue in 2016. At the same time, it paid out $3,081,491 in expenses, according to the 2017 biennial report detailing the health of each of the states pension funds and retirement systems. The difference between the two shows the funds annual loss without subsidies.
Taxpayers added $2,126,886 to the funds revenue last year – an amount that has increased from $1,883,702 five years ago. Members contributed an additional $534,438 – $66,257 more than five years ago.
In all, subsidies amounted to $2,661,324 in 2016.
Quincy Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$1,479,316 | $3,081,491 | -$4,560,807 |
| 2015 | $1,974,972 | $3,025,022 | -$1,050,050 |
| 2014 | $1,710,269 | $2,554,983 | -$844,714 |
| 2013 | $1,571,646 | $2,458,178 | -$886,532 |
| 2012 | $520,419 | $2,296,365 | -$1,775,946 |
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