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Dupage Policy Journal

Thursday, November 14, 2019

Report: West Chicago Police Pension Fund gained $1,773K in investment income in 2016

Local Government

By Local Labs News Service | Jun 29, 2018

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After projecting its investments would grow by 6.75 percent, the West Chicago Police Pension Fund netted 6.73 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 Police Pension Fund's had $25,954,405 in investment assets last year. It paid $25,934 in investment expenses and gained $1,772,898 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 Police Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$19,876,188
$21,138,011
$21,705,828
$23,329,685
$25,954,405
Investment expenses
$36,340
$37,952
$29,538
$39,821
$25,934
Investment income
$778,562
$776,000
$215,290
$1,119,370
$1,772,898
Net investment income to assets
3.73%
3.49%
0.86%
4.63%
6.73%
Actuarial assumption
6.75%
6.75%
6.75%
6.75%
6.75%

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Organizations in this Story

West Chicago Police Pension Fund

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