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Monday, December 23, 2024

Report: Alton Police Pension Fund gained $2,135,966 in investment income in 2018

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After projecting its investments would grow by 6 percent, the Alton Police Pension Fund netted 8.9 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 Alton Police Pension Fund's had $23,411,121 in investment assets last year. It paid $48,684 in investment expenses and gained $2,135,966 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.

Alton Police Pension Fund investment performance
20142015201620172018
Investment assets$21,220,948$21,624,823$20,990,325$22,063,884$23,411,121
Investment expenses$86,695$78,599$50,135$46,495$48,684
Investment income$1,848,675$1,157,649-$514,802$1,834,059$2,135,966
Net investment income to assets8.35-2.78.18.9
Actuarial assumption6.86.86.866

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