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Macon Reporter

Friday, November 22, 2024

Report: Mount Zion FPD Firefighters Pension Fund lost $8,214 in investment income in 2018

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After projecting its investments would grow by 5 percent, the Mount Zion FPD Firefighters Pension Fund lost 0.7 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 Mount Zion FPD Firefighters Pension Fund's had $1,127,431 in investment assets last year. It paid $0 in investment expenses and lost $8,214 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.

Mount Zion FPD Firefighters Pension Fund investment performance
20142015201620172018
Investment assets$907,848$949,676$996,477$1,055,731$1,127,431
Investment expenses$0$0$0$0$0
Investment income$2,138$2,503$2,631$2,796-$8,214
Net investment income to assets0.20.30.30.3-0.7
Actuarial assumption55555

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