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Will County Gazette

Saturday, April 27, 2024

Report: University Park Policemen's Pension Fund gained $511,876 in investment income in 2018

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After projecting its investments would grow by 6.3 percent, the University Park Policemen's Pension Fund netted 6.1 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 University Park Policemen's Pension Fund's had $7,796,994 in investment assets last year. It paid $34,495 in investment expenses and gained $511,876 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.

University Park Policemen's Pension Fund investment performance
20142015201620172018
Investment assets$6,545,746$6,698,861$6,769,870$7,259,498$7,796,994
Investment expenses$28,511$30,363$30,473$31,921$34,495
Investment income$592,570$375,642$26,086$521,289$511,876
Net investment income to assets8.65.2-0.16.76.1
Actuarial assumption6.56.56.56.36.3

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