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South Central Reporter

Tuesday, December 24, 2024

Report: Hillsboro Police Pension Fund gained $4,766 in investment income in 2018

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After projecting its investments would grow by 5 percent, the Hillsboro Police Pension Fund lost 0.1 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 Hillsboro Police Pension Fund's had $1,705,563 in investment assets last year. It paid $5,822 in investment expenses and gained $4,766 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.

Hillsboro Police Pension Fund investment performance
20142015201620172018
Investment assets$1,115,374$1,195,187$1,352,259$1,546,440$1,705,563
Investment expenses$0$0$1,360$5,170$5,822
Investment income$33,060$28,743$9,167$28,445$4,766
Net investment income to assets32.40.61.5-0.1
Actuarial assumption55555

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