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Kane County Reporter

Monday, December 23, 2024

Report: Elburn/Countryside FPD Firefighters Pension Fund gained $398,035 in investment income in 2018

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After projecting its investments would grow by 6.3 percent, the Elburn/Countryside FPD Firefighters Pension Fund netted 4.3 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 Elburn/Countryside FPD Firefighters Pension Fund's had $8,805,076 in investment assets last year. It paid $19,872 in investment expenses and gained $398,035 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.

Elburn/Countryside FPD Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$5,117,917$5,952,372$6,568,249$7,637,828$8,805,076
Investment expenses$15,782$14,600$17,855$22,020$19,872
Investment income$380,268$227,156-$98,859$454,414$398,035
Net investment income to assets7.13.6-1.85.74.3
Actuarial assumption6.56.56.56.36.3

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