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Will County Gazette

Friday, November 22, 2024

Report: University Park Policemen's Pension Fund gained $26,086 in investment income in 2016

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After projecting its investments would grow by 6.50 percent, the University Park Policemen's Pension Fund lost 0.06 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 University Park Policemen's Pension Fund's had $6,769,870 in investment assets last year. It paid $30,473 in investment expenses and gained $26,086 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.

University Park Policemen's Pension Fund investment performance
20122013201420152016
Investment assets$5,921,953$6,114,608$6,545,746$6,698,861$6,769,870
Investment expenses$24,163$23,134$28,511$30,363$30,473
Investment income$99,414$458,090$592,570$375,642$26,086
Net investment income to assets1.27%7.11%8.62%5.15%-0.06%
Actuarial assumption6.50%6.50%6.50%6.50%6.50%

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