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Tuesday, April 29, 2025

Report: Collinsville Firefighters Pension Fund lost $1,524,188 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Collinsville Firefighters Pension Fund lost 7.9 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 Collinsville Firefighters Pension Fund's had $19,886,489 in investment assets last year. It paid $42,142 in investment expenses and lost $1,524,188 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.

Collinsville Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$20,476,454$19,620,270$20,564,627$22,191,986$19,886,489
Investment expenses$42,726$42,788$37,634$47,382$42,142
Investment income$592,552-$312,631$1,556,401$2,262,338-$1,524,188
Net investment income to assets2.7-1.87.410-7.9
Actuarial assumption6.86.86.86.56.5

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