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Friday, November 22, 2024

Report: Robbins Firefighters Pension Fund gained $18 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Robbins Firefighters Pension Fund netted 0.01 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 Robbins Firefighters Pension Fund's had $146,350 in investment assets last year. It paid $0 in investment expenses and gained $18 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.

Robbins Firefighters Pension Fund investment performance
20122013201420152016
Investment assets$106,678$116,656$129,729$144,026$146,350
Investment expenses$42$0$0$0$0
Investment income$42$38$24$27$18
Net investment income to assets0.00%0.03%0.02%0.02%0.01%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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