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Dupage Policy Journal

Sunday, December 22, 2024

Report: Woodridge Police Pension Fund lost $1,379,984 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Woodridge Police Pension Fund lost 4.3 percent on its investments in 2018, 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 Woodridge Police Pension Fund's had $33,316,089 in investment assets last year. It paid $58,695 in investment expenses and lost $1,379,984 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.

Woodridge Police Pension Fund investment performance
20142015201620172018
Investment assets$31,402,575$30,740,442$31,754,625$35,387,521$33,316,089
Investment expenses$40,035$53,797$53,309$57,843$58,695
Investment income$1,077,282-$248,560$1,587,733$3,938,721-$1,379,984
Net investment income to assets3.3-14.811-4.3
Actuarial assumption6.86.86.86.56.5

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