Quantcast

Peoria Standard

Monday, November 4, 2024

Report: Peoria Heights Police Pension Fund gained $10,637 in investment income in 2016

Adobestock 78179275

Adobe Stock

Adobe Stock

After projecting its investments would grow by 5.00 percent, the Peoria Heights Police Pension Fund netted 0.53 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 Peoria Heights Police Pension Fund's had $1,999,243 in investment assets last year. It paid $63 in investment expenses and gained $10,637 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.

Peoria Heights Police Pension Fund investment performance
20122013201420152016
Investment assets$1,170,719$1,366,617$1,591,067$1,774,609$1,999,243
Investment expenses$76$206$193$77$63
Investment income$9,350$21,981$27,472$22,735$10,637
Net investment income to assets0.79%1.59%1.71%1.28%0.53%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS