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Report: Wilmette Police Pension Fund gained $3,308K in investment income in 2016

Local Government

By Local Labs News Service | Jul 13, 2018

Money 08

After projecting its investments would grow by 6.75 percent, the Wilmette Police Pension Fund netted 7.54 percent on its investments in 2016, 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 Wilmette Police Pension Fund's had $42,835,019 in investment assets last year. It paid $76,292 in investment expenses and gained $3,307,752 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.

Wilmette Police Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$35,226,125
$39,685,725
$41,296,517
$40,001,002
$42,835,019
Investment expenses
$72,545
$67,098
$85,826
$83,135
$76,292
Investment income
$3,285,935
$4,634,892
$2,071,533
-$744,287
$3,307,752
Net investment income to assets
9.12%
11.51%
4.81%
-2.07%
7.54%
Actuarial assumption
6.75%
6.75%
6.75%
6.75%
6.75%

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Organizations in this Story

Wilmette Police Pension Fund

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