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Lake County Gazette

Tuesday, November 5, 2024

Report: Highland Park Police Pension Fund gained $2,113,659 in investment income in 2016

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After projecting its investments would grow by 6.75 percent, the Highland Park Police Pension Fund netted 5.72 percent on its investments in 2016, 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 Highland Park Police Pension Fund's had $35,968,590 in investment assets last year. It paid $57,279 in investment expenses and gained $2,113,659 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.

Highland Park Police Pension Fund investment performance
20122013201420152016
Investment assets$29,922,799$33,038,841$34,294,306$33,618,268$35,968,590
Investment expenses$69,997$107,025$68,023$68,123$57,279
Investment income$2,596,924$4,563,872$2,117,275-$1,437$2,113,659
Net investment income to assets8.44%13.49%5.98%-0.21%5.72%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

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