Report: Tri-State FPD Firefighters Pension Fund gained $3,116,811 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Tri-State FPD Firefighters Pension Fund netted 8.3 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
The DOI biennial report detailing the health of each of the pension funds shows the Tri-State FPD Firefighters Pension Fund's had $37,251,308 in investment assets last year. It paid $23,650 in investment expenses and gained $3,116,811 in investment income.
Pension funds and retirement systems set actuarial assumptions to project returns on investments to cover obligations to pensioners. When they fall short, the difference has to be made up from other sources – primarily from taxpayers and member contributions.
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Investment assets | $29,614,490 | $32,135,295 | $31,712,150 | $34,365,364 | $37,251,308 |
| Investment expenses | $84,152 | $112,767 | $58,675 | $20,407 | $23,650 |
| Investment income | $2,874,047 | $2,478,500 | -$266,564 | $3,043,480 | $3,116,811 |
| Net investment income to assets | 9.4 | 7.4 | -1 | 8.8 | 8.3 |
| Actuarial assumption | 6.8 | 6.8 | 6.8 | 6.5 | 6.5 |