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Dupage Policy Journal

Sunday, May 5, 2024

Report: Clarendon Hills Police Pension Fund lost $272,267 in investment income in 2018

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After projecting its investments would grow by 6.3 percent, the Clarendon Hills Police Pension Fund lost 3.4 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 Clarendon Hills Police Pension Fund's had $9,161,056 in investment assets last year. It paid $37,397 in investment expenses and lost $272,267 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.

Clarendon Hills Police Pension Fund investment performance
20142015201620172018
Investment assets$8,324,369$8,833,068$9,102,980$10,340,263$9,161,056
Investment expenses$3,998$39$27,895$23,467$37,397
Investment income$658,435$568,644$274,077$857,932-$272,267
Net investment income to assets7.96.42.78.1-3.4
Actuarial assumption6.56.56.56.36.3

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