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Tuesday, April 29, 2025

Report: Fosterburg FPD Firefighters Pension Fund gained $36,250 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Fosterburg FPD Firefighters Pension Fund netted 2.20 percent on its investments in 2016, 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 Fosterburg FPD Firefighters Pension Fund's had $1,432,077 in investment assets last year. It paid $4,687 in investment expenses and gained $36,250 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.

Fosterburg FPD Firefighters Pension Fund investment performance
20122013201420152016
Investment assets$939,164$1,033,868$1,188,299$1,290,978$1,432,077
Investment expenses$3,675$3,921$3,817$4,334$4,687
Investment income$17,555$23,455$53,806$18,023$36,250
Net investment income to assets1.48%1.89%4.21%1.06%2.20%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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