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Saturday, May 3, 2025

Report: Mount Prospect Firefighters Pension Fund lost $1,815,753 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Mount Prospect Firefighters Pension Fund lost 3.1 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 Mount Prospect Firefighters Pension Fund's had $62,292,334 in investment assets last year. It paid $98,262 in investment expenses and lost $1,815,753 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.

Mount Prospect Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$56,430,612$56,796,387$58,163,619$66,106,757$62,292,334
Investment expenses$89,187$84,679$85,438$91,172$98,262
Investment income$4,048,520$1,886,330$3,134,976$9,414,541-$1,815,753
Net investment income to assets73.25.214.1-3.1
Actuarial assumption6.86.86.86.56.5

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