Quantcast

West Cook News

Friday, November 22, 2024

Report: Forest View Firefighters Pension Fund gained $63,405 in investment income in 2018

Adobestock 290960059

Adobe Stock

Adobe Stock

After projecting its investments would grow by 4.5 percent, the Forest View Firefighters Pension Fund netted 2.8 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 Forest View Firefighters Pension Fund's had $2,140,016 in investment assets last year. It paid $3,598 in investment expenses and gained $63,405 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.

Forest View Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$2,092,286$1,925,473$2,047,424$2,300,622$2,140,016
Investment expenses$5,412$5,471$3,969$4,862$3,598
Investment income$129,776$56,060$27,279$71,042$63,405
Net investment income to assets5.92.61.12.92.8
Actuarial assumption5554.84.5

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