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The fund has $6,312,687 in total assets. If the fund’s annual losses stay the same, it would run out of money in 3515 years without these subsidies.
The fund earned $265,076 in investment income and other revenue in 2018. At the same time, it paid out $266,872 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 $390,141 to the fund’s revenue last year – an amount that has increased from $300,245 five years ago. Members contributed an additional $105,961 – $11,203 more than five years ago.
In all, subsidies amounted to $496,102 in 2018.
Columbia Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $265,076 | $266,872 | -$1,796 |
| 2017 | $310,262 | $315,110 | -$4,848 |
| 2016 | -$88,846 | $335,001 | -$423,847 |
| 2015 | $208,815 | $305,796 | -$96,981 |
| 2014 | $318,983 | $282,450 | $36,533 |
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