Quantcast

Will County Gazette

Saturday, August 2, 2025

Report: Peotone Police Pension Fund gained $10,089 in investment income in 2016

Webp adobestock 226444001

Adobe Stock

Adobe Stock

After projecting its investments would grow by 5.00 percent, the Peotone Police Pension Fund netted 0.83 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 Peotone Police Pension Fund's had $1,221,065 in investment assets last year. It paid $0 in investment expenses and gained $10,089 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.

Peotone Police Pension Fund investment performance
20122013201420152016
Investment assets$882,203$1,005,214$1,120,357$1,170,271$1,221,065
Investment expenses$0$0$0$0$0
Investment income$18,415$23,402$26,553$23,896$10,089
Net investment income to assets2.09%2.33%2.37%2.04%0.83%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

MORE NEWS