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Monday, December 23, 2024

Report: Wood River Firefighters Pension Fund gained $258,541 in investment income in 2018

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After projecting its investments would grow by 6.3 percent, the Wood River Firefighters Pension Fund netted 4.5 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 Wood River Firefighters Pension Fund's had $5,308,683 in investment assets last year. It paid $18,618 in investment expenses and gained $258,541 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.

Wood River Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$4,846,391$5,023,819$4,888,819$5,169,204$5,308,683
Investment expenses$16,583$17,962$18,268$18,327$18,618
Investment income$342,716$187,532-$49,926$364,593$258,541
Net investment income to assets6.73.4-1.46.74.5
Actuarial assumption6.56.56.56.36.3

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