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Monday, November 11, 2019

Report: Downers Grove Police Pension Fund gained $2,918K in investment income in 2016

Local Government

By Local Labs News Service | May 31, 2018

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After projecting its investments would grow by 6.75 percent, the Downers Grove Police Pension Fund netted 5.62 percent on its investments in 2016, 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 Downers Grove Police Pension Fund's had $49,940,329 in investment assets last year. It paid $112,901 in investment expenses and gained $2,917,631 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.

Downers Grove Police Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$41,322,883
$44,254,238
$48,318,186
$47,516,958
$49,940,329
Investment expenses
$119,783
$126,697
$121,886
$115,646
$112,901
Investment income
$3,645,734
$6,024,657
$1,632,277
-$59,423
$2,917,631
Net investment income to assets
8.53%
13.33%
3.13%
-0.37%
5.62%
Actuarial assumption
6.75%
6.75%
6.75%
6.75%
6.75%

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Organizations in this Story

Downers Grove Police Pension Fund

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