Quantcast

Kane County Reporter

Friday, November 22, 2024

Report: Hampshire FPD Firefighters Pension Fund gained $32,115 in investment income in 2018

Adobestock 223399507

Adobe Stock

Adobe Stock

After projecting its investments would grow by 5.8 percent, the Hampshire FPD Firefighters Pension Fund netted 0.9 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 Hampshire FPD Firefighters Pension Fund's had $2,726,560 in investment assets last year. It paid $8,301 in investment expenses and gained $32,115 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.

Hampshire FPD Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$1,693,037$1,951,049$2,198,928$2,434,655$2,726,560
Investment expenses$5,807$6,508$7,115$7,493$8,301
Investment income$40,495$40,730$29,383$39,367$32,115
Net investment income to assets2.11.811.30.9
Actuarial assumption55555.8

MORE NEWS