Quantcast

Kankakee Times

Friday, November 15, 2024

Report: Watseka Police Pension Fund gained $53,835 in investment income in 2018

Adobestock 89829810

Adobe Stock

Adobe Stock

After projecting its investments would grow by 5.5 percent, the Watseka Police Pension Fund netted 2 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 Watseka Police Pension Fund's had $2,691,763 in investment assets last year. It paid $0 in investment expenses and gained $53,835 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.

Watseka Police Pension Fund investment performance
20142015201620172018
Investment assets$1,909,247$2,131,354$2,552,481$2,795,366$2,691,763
Investment expenses$0$0$0$0$0
Investment income$18,434$73,470$26,780$69,038$53,835
Net investment income to assets13.51.12.52
Actuarial assumption5565.55.5

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS