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East Central Reporter

Saturday, November 23, 2024

Report: Shelbyville Police Pension Fund gained $16,385 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Shelbyville Police Pension Fund netted 0.74 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 Shelbyville Police Pension Fund's had $2,203,265 in investment assets last year. It paid $0 in investment expenses and gained $16,385 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.

Shelbyville Police Pension Fund investment performance
20122013201420152016
Investment assets$1,891,281$1,960,714$2,037,606$2,125,453$2,203,265
Investment expenses$0$0$0$0$0
Investment income$26,013$47,070$56,694$37,936$16,385
Net investment income to assets1.38%2.40%2.78%1.78%0.74%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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