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Dupage Policy Journal

Sunday, December 22, 2024

Report: York Center Fire Protection District gained $21,157 in investment income in 2018

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After projecting its investments would grow by 5 percent, the York Center Fire Protection District netted 1.6 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 York Center Fire Protection District's had $1,193,578 in investment assets last year. It paid $2,525 in investment expenses and gained $21,157 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.

York Center Fire Protection District investment performance
20142015201620172018
Investment assets$695,689$792,512$935,086$1,097,163$1,193,578
Investment expenses$0$0$267$1,419$2,525
Investment income$13,494$14,172$30,987$27,237$21,157
Net investment income to assets1.91.83.32.41.6
Actuarial assumption55555

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