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Dupage Policy Journal

Friday, May 3, 2024

Report: Hinsdale Police Pension Fund gained $1,137,642 in investment income in 2016

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After projecting its investments would grow by 6.75 percent, the Hinsdale Police Pension Fund netted 3.67 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 Hinsdale Police Pension Fund's had $27,975,270 in investment assets last year. It paid $111,047 in investment expenses and gained $1,137,642 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.

Hinsdale Police Pension Fund investment performance
20122013201420152016
Investment assets$20,428,092$23,274,768$25,032,541$27,160,431$27,975,270
Investment expenses$152,472$96,353$128,259$85,503$111,047
Investment income$914,136$2,816,105$1,850,324$2,569,985$1,137,642
Net investment income to assets3.73%11.69%6.88%9.15%3.67%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

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