Quantcast

South Cook News

Friday, November 22, 2024

Report: South Holland Police Pension Fund gained $1,986,088 in investment income in 2018

Adobestock 174471984

Adobe Stock

Adobe Stock

After projecting its investments would grow by 6.5 percent, the South Holland Police Pension Fund netted 7.1 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 South Holland Police Pension Fund's had $26,858,107 in investment assets last year. It paid $79,464 in investment expenses and gained $1,986,088 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.

South Holland Police Pension Fund investment performance
20142015201620172018
Investment assets$22,485,852$24,154,954$23,461,660$25,182,155$26,858,107
Investment expenses$57,637$72,381$71,976$73,603$79,464
Investment income$2,097,555$2,006,019-$320,233$2,066,898$1,986,088
Net investment income to assets9.18-1.77.97.1
Actuarial assumption6.86.86.86.56.5

MORE NEWS