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Friday, November 22, 2024

Report: Dolton Firefighters Pension Fund gained $962,111 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Dolton Firefighters Pension Fund netted 7.5 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 Firefighters Pension Fund's had $12,385,999 in investment assets last year. It paid $34,640 in investment expenses and gained $962,111 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 Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$11,957,447$12,160,512$11,540,732$12,017,713$12,385,999
Investment expenses$28,784$37,218$32,398$30,984$34,640
Investment income$951,144$526,436-$338,885$913,493$962,111
Net investment income to assets7.74-3.27.37.5
Actuarial assumption6.86.86.86.56.5

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