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Dupage Policy Journal

Sunday, December 22, 2024

Report: Oakbrook Terrace Fire Protection District gained $64,933 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Oakbrook Terrace Fire Protection District netted 3.05 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 Oakbrook Terrace Fire Protection District's had $1,908,670 in investment assets last year. It paid $6,634 in investment expenses and gained $64,933 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.

Oakbrook Terrace Fire Protection District investment performance
20122013201420152016
Investment assets$1,336,088$1,475,222$1,621,813$1,808,161$1,908,670
Investment expenses$5,795$5,785$3,827$4,272$6,634
Investment income$64,627$41,332$41,771$56,354$64,933
Net investment income to assets4.40%2.41%2.34%2.88%3.05%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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