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Rockford Sun

Monday, December 23, 2024

Report: Rockford Police Pension Fund lost $7,598,553 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Rockford Police Pension Fund lost 4.3 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 Rockford Police Pension Fund's had $181,500,316 in investment assets last year. It paid $252,694 in investment expenses and lost $7,598,553 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.

Rockford Police Pension Fund investment performance
20142015201620172018
Investment assets$178,231,638$171,792,048$177,698,124$195,978,456$181,500,316
Investment expenses$291,976$290,237$299,451$342,835$252,694
Investment income$11,904,574$1,702,694$13,827,363$25,321,453-$7,598,553
Net investment income to assets6.50.87.612.8-4.3
Actuarial assumption6.86.86.86.56.5

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