Quantcast

Sangamon Sun

Thursday, May 9, 2024

Report: Lincoln Police Pension Fund gained $711,061 in investment income in 2018

Adobestock 164215990

Adobe Stock

Adobe Stock

After projecting its investments would grow by 6 percent, the Lincoln Police Pension Fund netted 7.1 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 Lincoln Police Pension Fund's had $9,706,635 in investment assets last year. It paid $18,674 in investment expenses and gained $711,061 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.

Lincoln Police Pension Fund investment performance
20142015201620172018
Investment assets$9,557,793$9,837,500$9,345,677$9,424,465$9,706,635
Investment expenses$24,106$23,689$28,561$20,822$18,674
Investment income$662,415$698,146-$201$641,925$711,061
Net investment income to assets6.76.9-0.36.67.1
Actuarial assumption6.56.56.566

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS