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East Central Reporter

Monday, December 23, 2024

Report: Charleston Police Pension Fund gained $747,472 in investment income in 2018

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After projecting its investments would grow by 6.3 percent, the Charleston Police Pension Fund netted 5.7 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 Charleston Police Pension Fund's had $12,533,727 in investment assets last year. It paid $33,210 in investment expenses and gained $747,472 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.

Charleston Police Pension Fund investment performance
20142015201620172018
Investment assets$11,834,069$12,220,344$11,431,601$11,987,518$12,533,727
Investment expenses$63,179$54,840$62,957$59,544$33,210
Investment income$725,995$835,527-$207,170$883,041$747,472
Net investment income to assets5.66.4-2.46.95.7
Actuarial assumption6.86.86.86.56.3

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