Quantcast

West Cook News

Monday, December 23, 2024

Report: Stone Park Police Pensionfund gained $220,000 in investment income in 2018

Adobestock 263034311

Adobe Stock

Adobe Stock

After projecting its investments would grow by 5.3 percent, the Stone Park Police Pensionfund netted 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 Stone Park Police Pensionfund's had $3,943,025 in investment assets last year. It paid $22,689 in investment expenses and gained $220,000 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.

Stone Park Police Pensionfund investment performance
20142015201620172018
Investment assets$3,203,669$3,585,307$3,614,112$3,775,001$3,943,025
Investment expenses$5,587$15,549$0$7,932$22,689
Investment income$88,636-$207,140-$6,709$230,316$220,000
Net investment income to assets2.6-6.2-0.25.95
Actuarial assumption6665.35.3

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS