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The DOI biennial report detailing the health of each of the pension funds shows the Oak Lawn Firefighters Pension Fund's had $70,182,179 in investment assets last year. It paid $131,925 in investment expenses and lost $4,612,525 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.
Oak Lawn Firefighters Pension Fund investment performance
2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|
Investment assets | $72,644,484 | $68,096,314 | $69,787,008 | $78,307,308 | $70,182,179 |
Investment expenses | $182,744 | $104,038 | $95,628 | $95,147 | $131,925 |
Investment income | $4,095,814 | -$1,617,602 | $4,391,058 | $11,275,542 | -$4,612,525 |
Net investment income to assets | 5.4 | -2.5 | 6.2 | 14.3 | -6.8 |
Actuarial assumption | 6.8 | 6.8 | 6.8 | 6.5 | 6.5 |