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Friday, November 22, 2024

Report: Evergreen Park Police Pension Fund gained $837,402 in investment income in 2016

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After projecting its investments would grow by 6.75 percent, the Evergreen Park Police Pension Fund netted 1.48 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 Evergreen Park Police Pension Fund's had $46,337,369 in investment assets last year. It paid $153,147 in investment expenses and gained $837,402 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.

Evergreen Park Police Pension Fund investment performance
20122013201420152016
Investment assets$39,421,311$44,848,836$47,480,718$46,869,232$46,337,369
Investment expenses$134,302$150,359$147,683$152,775$153,147
Investment income$2,239,093$6,326,164$3,590,674$842,120$837,402
Net investment income to assets5.34%13.77%7.25%1.47%1.48%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

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