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Friday, November 22, 2024

Report: Northbrook Police Pension Fund gained $4,480,434 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Northbrook Police Pension Fund netted 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 Northbrook Police Pension Fund's had $49,534,595 in investment assets last year. It paid $35,324 in investment expenses and gained $4,480,434 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.

Northbrook Police Pension Fund investment performance
20142015201620172018
Investment assets$44,167,278$45,701,140$42,270,302$45,584,031$49,534,595
Investment expenses$34,895$39,230$40,103$48,470$35,324
Investment income$4,451,142$2,998,493-$1,648,548$4,347,895$4,480,434
Net investment income to assets106.5-49.49
Actuarial assumption6.86.86.86.56.5

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