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Report: Oak Brook Firefighters Pension Fund gained $1,869K in investment income in 2016

Local Government

By Local Labs News Service | Jun 16, 2018

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After projecting its investments would grow by 6.75 percent, the Oak Brook Firefighters Pension Fund netted 7.31 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 Oak Brook Firefighters Pension Fund's had $24,940,280 in investment assets last year. It paid $46,105 in investment expenses and gained $1,868,962 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.

Oak Brook Firefighters Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$23,272,064
$24,405,717
$24,945,289
$23,724,982
$24,940,280
Investment expenses
$64,838
$63,055
$64,652
$64,460
$46,105
Investment income
$1,988,370
$1,984,093
$1,229,186
-$184,749
$1,868,962
Net investment income to assets
8.27%
7.87%
4.67%
-1.05%
7.31%
Actuarial assumption
6.75%
6.75%
6.75%
6.75%
6.75%

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Organizations in this Story

Oak Brook Firefighters Pension Fund

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