Quantcast

East Central Reporter

Tuesday, November 5, 2024

Report: Paris Police Pension Fund gained $79,574 in investment income in 2016

Adobestock 293176705

Adobe Stock

Adobe Stock

After projecting its investments would grow by 6.50 percent, the Paris Police Pension Fund netted 1.22 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 Paris Police Pension Fund's had $6,031,967 in investment assets last year. It paid $6,211 in investment expenses and gained $79,574 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.

Paris Police Pension Fund investment performance
20122013201420152016
Investment assets$4,566,371$4,950,629$5,406,472$5,802,848$6,031,967
Investment expenses$0$3,335$5,964$6,096$6,211
Investment income$70,191$330,179$422,319$326,597$79,574
Net investment income to assets1.54%6.60%7.70%5.52%1.22%
Actuarial assumption6.00%6.00%6.50%6.50%6.50%

MORE NEWS