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Monday, December 23, 2024

Report: Dolton Police Pension Fund gained $2,161,932 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Dolton Police Pension Fund netted 8 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 Dolton Police Pension Fund's had $26,685,124 in investment assets last year. It paid $40,125 in investment expenses and gained $2,161,932 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.

Dolton Police Pension Fund investment performance
20142015201620172018
Investment assets$24,746,376$25,614,362$24,441,573$25,754,029$26,685,124
Investment expenses$35,684$37,506$38,102$37,028$40,125
Investment income$2,056,572$1,717,548-$413,315$2,234,556$2,161,932
Net investment income to assets8.26.6-1.98.58
Actuarial assumption6.86.86.86.56.5

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