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Grundy Reporter

Monday, December 23, 2024

Report: Coal City Firefighter's Pension Fund gained $6,317 in investment income in 2018

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After projecting its investments would grow by 5 percent, the Coal City Firefighter's Pension Fund lost 0 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 Coal City Firefighter's Pension Fund's had $1,649,726 in investment assets last year. It paid $6,390 in investment expenses and gained $6,317 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.

Coal City Firefighter's Pension Fund investment performance
20142015201620172018
Investment assets$691,170$922,052$1,192,734$1,400,687$1,649,726
Investment expenses$0$3,398$4,378$5,302$6,390
Investment income$5,774$36,238$34,615$23,058$6,317
Net investment income to assets0.83.62.51.30
Actuarial assumption55555

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