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Illinois Valley Times

Saturday, November 2, 2024

Report: Ottawa Police Pension Fund gained $1,769,938 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Ottawa Police Pension Fund netted 8.6 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 Ottawa Police Pension Fund's had $20,568,367 in investment assets last year. It paid $25 in investment expenses and gained $1,769,938 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.

Ottawa Police Pension Fund investment performance
20142015201620172018
Investment assets$16,132,918$17,566,955$17,190,297$18,798,303$20,568,367
Investment expenses$0$0$0$0$25
Investment income$1,234,717$1,487,683-$234,098$1,776,506$1,769,938
Net investment income to assets7.78.5-1.49.58.6
Actuarial assumption6.86.86.86.56.5

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