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DeKalb Times

Monday, December 23, 2024

Report: Dekalb Firefighters Pension Fund lost $2,381,534 in investment income in 2018

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After projecting its investments would grow by 6.3 percent, the Dekalb Firefighters Pension Fund lost 8.9 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 Dekalb Firefighters Pension Fund's had $27,204,020 in investment assets last year. It paid $44,401 in investment expenses and lost $2,381,534 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.

Dekalb Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$25,738,742$25,419,446$25,748,700$29,258,023$27,204,020
Investment expenses$52,095$44,474$21,459$44,085$44,401
Investment income$3,134,122$174,734$1,463,333$3,179,631-$2,381,534
Net investment income to assets120.55.610.7-8.9
Actuarial assumption6.86.86.86.36.3

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