Dupage Policy Journal

Dupage Policy Journal

Thursday, November 14, 2019

Report: West Chicago FPD Firefighters Pension Fund lost $379K in investment income in 2016

Local Government

By Local Labs News Service | Jun 28, 2018

Money272

After projecting its investments would grow by 6.75 percent, the West Chicago FPD Firefighters Pension Fund lost 1.31 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 West Chicago FPD Firefighters Pension Fund's had $29,227,292 in investment assets last year. It paid $4,455 in investment expenses and lost $379,416 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.

West Chicago FPD Firefighters Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$22,855,167
$25,997,607
$28,797,464
$30,011,763
$29,227,292
Investment expenses
$5,925
$5,250
$4,940
$4,970
$4,455
Investment income
$190,320
$3,090,435
$2,673,251
$1,379,157
-$379,416
Net investment income to assets
0.81%
11.87%
9.27%
4.58%
-1.31%
Actuarial assumption
6.75%
6.75%
6.75%
6.75%
6.75%

Want to get notified whenever we write about West Chicago Fire Protection District Firefighters Pension Fund ?

Sign-up Next time we write about West Chicago Fire Protection District Firefighters Pension Fund, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

West Chicago Fire Protection District Firefighters Pension Fund

More News