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McHenry Times

Friday, November 22, 2024

Report: Woodstock Fire/Rescue Dist. Firefighters' Pension Fund gained $492,142 in investment income in 2018

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After projecting its investments would grow by 6.3 percent, the Woodstock Fire/Rescue Dist. Firefighters' Pension Fund netted 4.7 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 Woodstock Fire/Rescue Dist. Firefighters' Pension Fund's had $9,925,287 in investment assets last year. It paid $22,280 in investment expenses and gained $492,142 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.

Woodstock Fire/Rescue Dist. Firefighters' Pension Fund investment performance
20142015201620172018
Investment assets$4,936,315$6,035,642$7,051,351$8,569,796$9,925,287
Investment expenses$51,552$54,743$9,472$18,695$22,280
Investment income$157,793$253,657$118,343$639,421$492,142
Net investment income to assets2.23.31.57.24.7
Actuarial assumption66.56.56.36.3

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