South Cook News

After projecting its investments would grow by 6.75 percent, the Burbank Police Pension Fund netted 5.90 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 Burbank Police Pension Fund's had $36,701,334 in investment assets last year. It paid $161,038 in investment expenses and gained $2,326,856 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.

	2012	2013	2014	2015	2016
Investment assets	$30,906,864	$34,689,652	$36,021,545	$35,387,035	$36,701,334
Investment expenses	$97,411	$125,444	$149,795	$155,247	$161,038
Investment income	$2,128,683	$4,152,377	$1,993,781	-$31,250	$2,326,856
Net investment income to assets	6.57%	11.61%	5.12%	-0.53%	5.90%
Actuarial assumption	6.75%	6.75%	6.75%	6.75%	6.75%