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Lake County Gazette

Monday, December 23, 2024

Report: Wauconda Police Pension Fund gained $1,012,724 in investment income in 2018

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After projecting its investments would grow by 6.5 percent, the Wauconda Police Pension Fund netted 6.7 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 Wauconda Police Pension Fund's had $14,617,361 in investment assets last year. It paid $33,668 in investment expenses and gained $1,012,724 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.

Wauconda Police Pension Fund investment performance
20142015201620172018
Investment assets$9,882,145$11,026,143$11,670,272$13,259,711$14,617,361
Investment expenses$21,868$24,589$25,867$31,874$33,668
Investment income$592,850$765,226$120,573$1,129,620$1,012,724
Net investment income to assets5.86.70.88.36.7
Actuarial assumption6.56.86.86.56.5

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