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Friday, November 22, 2024

Report: Forest Park Firefighters Pension Fund gained $1,193,352 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Forest Park Firefighters Pension Fund netted 7.6 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 Park Firefighters Pension Fund's had $15,263,999 in investment assets last year. It paid $36,962 in investment expenses and gained $1,193,352 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 Park Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$15,133,280$15,314,904$14,299,487$14,959,485$15,263,999
Investment expenses$40,583$42,481$39,605$35,832$36,962
Investment income$2,138,775$1,053,208-$224,158$1,529,074$1,193,352
Net investment income to assets13.96.6-1.8107.6
Actuarial assumption6.86.86.86.56.5

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