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Will County Gazette

Sunday, December 22, 2024

Report: Romeoville Police Pension Fund gained $3,817,633 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Romeoville Police Pension Fund netted 8.1 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 Romeoville Police Pension Fund's had $42,798,443 in investment assets last year. It paid $345,694 in investment expenses and gained $3,817,633 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.

Romeoville Police Pension Fund investment performance
20142015201620172018
Investment assets$31,626,064$34,346,185$34,341,074$38,873,246$42,798,443
Investment expenses$275,339$290,168$282,825$347,320$345,694
Investment income$3,376,839$2,650,796-$197,201$4,276,718$3,817,633
Net investment income to assets9.86.9-1.410.18.1
Actuarial assumption6.86.86.86.56.5

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