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Dupage Policy Journal

Sunday, December 22, 2024

Report: Darien Police Pension Fund gained $48,655 in investment income in 2016

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After projecting its investments would grow by 6.75 percent, the Darien Police Pension Fund lost 0.10 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 Darien Police Pension Fund's had $24,085,329 in investment assets last year. It paid $71,647 in investment expenses and gained $48,655 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.

Darien Police Pension Fund investment performance
20122013201420152016
Investment assets$19,955,177$21,715,582$23,087,553$24,396,961$24,085,329
Investment expenses$45,036$61,707$74,506$72,726$71,647
Investment income$920,859$1,704,560$1,507,577$1,670,535$48,655
Net investment income to assets4.39%7.57%6.21%6.55%-0.10%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

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