Grundy Reporter

Grundy Reporter

Thursday, October 17, 2019

Report: Coal City Police Pension Fund gained $59K in investment income in 2016

Local Government

By Local Labs News Service | Jul 11, 2018


After projecting its investments would grow by 5.00 percent, the Coal City Police Pension Fund netted 2.66 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 Coal City Police Pension Fund's had $1,933,539 in investment assets last year. It paid $7,379 in investment expenses and gained $58,882 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.

Coal City Police Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$1,234,294
$1,372,417
$1,502,571
$1,684,057
$1,933,539
Investment expenses
$625
$4,118
$5,714
$6,735
$7,379
Investment income
$23,080
$43,281
$10,807
$72,203
$58,882
Net investment income to assets
1.82%
2.85%
0.34%
3.89%
2.66%
Actuarial assumption
5.00%
5.00%
5.00%
5.00%
5.00%

Want to get notified whenever we write about Coal City Police Pension Fund ?

Sign-up Next time we write about Coal City Police Pension Fund, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Coal City Police Pension Fund

More News