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Dupage Policy Journal

Wednesday, November 13, 2019

Report: Warrenville Police Pension Fund lost $51K in investment income in 2016

Local Government

By Local Labs News Service | Jun 26, 2018

Money759

After projecting its investments would grow by 6.75 percent, the Warrenville Police Pension Fund lost 0.47 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 Warrenville Police Pension Fund's had $16,870,582 in investment assets last year. It paid $28,621 in investment expenses and lost $51,116 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.

Warrenville Police Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$11,398,367
$13,045,645
$14,819,278
$16,540,960
$16,870,582
Investment expenses
$17,400
$21,139
$22,255
$27,673
$28,621
Investment income
$533,010
$1,147,498
$1,233,159
$1,167,240
-$51,116
Net investment income to assets
4.52%
8.63%
8.17%
6.89%
-0.47%
Actuarial assumption
6.75%
6.75%
6.75%
6.75%
6.75%

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Organizations in this Story

Warrenville Police Pension Fund

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