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Carbondale Reporter

Monday, December 9, 2019

Report: Marion Firefighters Pension Fund gained $43K in investment income in 2016

Local Government

By Local Labs News Service | May 22, 2018

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After projecting its investments would grow by 6.50 percent, the Marion Firefighters Pension Fund netted 0.21 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 Marion Firefighters Pension Fund's had $9,479,644 in investment assets last year. It paid $23,265 in investment expenses and gained $43,156 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.

Marion Firefighters Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$7,472,011
$8,305,042
$8,803,077
$9,360,974
$9,479,644
Investment expenses
$42,450
$45,423
$42,431
$29,064
$23,265
Investment income
$171,191
$561,112
$424,333
$541,997
$43,156
Net investment income to assets
1.72%
6.21%
4.34%
5.48%
0.21%
Actuarial assumption
6.50%
6.50%
6.50%
6.50%
6.50%

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Organizations in this Story

Marion Firefighters Pension Fund

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