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Illinois Valley Times

Monday, November 25, 2024

Report: Lasalle Police Pension Fund gained $438,430 in investment income in 2018

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After projecting its investments would grow by 6 percent, the Lasalle Police Pension Fund netted 5.9 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 Lasalle Police Pension Fund's had $7,161,339 in investment assets last year. It paid $15,000 in investment expenses and gained $438,430 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.

Lasalle Police Pension Fund investment performance
20142015201620172018
Investment assets$6,073,459$6,298,217$6,213,186$6,692,040$7,161,339
Investment expenses$24,462$26,273$21,481$15,000$15,000
Investment income$439,495$379,566-$70,762$461,980$438,430
Net investment income to assets6.85.6-1.56.75.9
Actuarial assumption6.56.56.566

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