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McHenry Times

Tuesday, November 5, 2024

Report: Johnsburg Police Pension Fund gained $62,123 in investment income in 2018

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After projecting its investments would grow by 5.8 percent, the Johnsburg Police Pension Fund netted 1.8 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 Johnsburg Police Pension Fund's had $2,876,161 in investment assets last year. It paid $9,782 in investment expenses and gained $62,123 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.

Johnsburg Police Pension Fund investment performance
20142015201620172018
Investment assets$1,843,239$1,956,532$2,200,543$2,689,561$2,876,161
Investment expenses$2,193$2,160$2,386$2,977$9,782
Investment income-$30,768$22,116$45,673$76,897$62,123
Net investment income to assets-1.8122.81.8
Actuarial assumption5555.55.8

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