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The DOI biennial report detailing the health of each of the pension funds shows the Palatine Rural FPD Firefighters Pension Fund's had $11,543,245 in investment assets last year. It paid $27,030 in investment expenses and gained $775,908 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.
Palatine Rural FPD Firefighters Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$7,526,164
$8,813,523
$9,871,454
$10,384,282
$11,543,245
Investment expenses
$18,309
$20,866
$30,118
$25,470
$27,030
Investment income
$597,503
$870,737
$589,097
$101,271
$775,908
Net investment income to assets
7.70%
9.64%
5.66%
0.73%
6.49%
Actuarial assumption
6.50%
6.50%
6.50%
6.75%
6.75%
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