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The fund has $537,939 in total assets. If the fund’s annual losses stay the same, it would run out of money in 246 years without these subsidies.
The fund earned $202 in investment income and other revenue in 2018. At the same time, it paid out $2,389 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 $58,764 to the fund’s revenue last year – an amount that has increased from $0 five years ago. Members contributed an additional $12,592 – $62,485 less than five years ago.
In all, subsidies amounted to $71,356 in 2018.
Bristol-Kendall Firefighter's Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $202 | $2,389 | -$2,187 |
| 2017 | $5,582 | $2,670 | $2,912 |
| 2016 | $10,518 | $2,741 | $7,777 |
| 2015 | $11,067 | $2,282 | $8,785 |
| 2014 | $2,536 | $3,355 | -$819 |
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