Quantcast

Kane County Reporter

Monday, December 23, 2024

Report: St. Charles Police Pension Fund gained $2,049,682 in investment income in 2018

Adobestock 320462966

Adobe Stock

Adobe Stock

After projecting its investments would grow by 6.5 percent, the St. Charles Police Pension Fund netted 5.6 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 St. Charles Police Pension Fund's had $33,878,307 in investment assets last year. It paid $148,521 in investment expenses and gained $2,049,682 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.

St. Charles Police Pension Fund investment performance
20142015201620172018
Investment assets$29,129,126$30,485,665$29,348,045$31,877,694$33,878,307
Investment expenses$228,631$158,597$133,047$147,782$148,521
Investment income$1,629,731$1,624,168-$773,368$2,520,070$2,049,682
Net investment income to assets4.84.8-3.17.45.6
Actuarial assumption6.86.86.86.56.5

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