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The fund has $5,685,072 in total assets. If the fund’s annual losses stay the same, it would run out of money in 24 years without these subsidies.
The fund earned $276,538 in investment income and other revenue in 2018. At the same time, it paid out $517,548 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 $417,886 to the fund’s revenue last year – an amount that has decreased from $471,758 five years ago. Members contributed an additional $73,767 – $13,878 less than five years ago.
In all, subsidies amounted to $491,653 in 2018.
Harrisburg Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $276,538 | $517,548 | -$241,010 |
| 2017 | $327,830 | $472,454 | -$144,624 |
| 2016 | -$58,734 | $513,917 | -$572,651 |
| 2015 | $218,099 | $369,586 | -$151,487 |
| 2014 | $315,002 | $358,741 | -$43,739 |
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