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Monday, December 23, 2024

Report: Stone Park Police Pensionfund lost $6,709 in investment income in 2016

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After projecting its investments would grow by 6.00 percent, the Stone Park Police Pensionfund lost 0.19 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 Stone Park Police Pensionfund's had $3,614,112 in investment assets last year. It paid $0 in investment expenses and lost $6,709 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.

Stone Park Police Pensionfund investment performance
20122013201420152016
Investment assets$945,534$1,080,008$3,203,669$3,585,307$3,614,112
Investment expenses$3,727$4,976$5,587$15,549$0
Investment income$26,125$26,843$88,636-$207,140-$6,709
Net investment income to assets2.37%2.02%2.59%-6.21%-0.19%
Actuarial assumption5.00%5.00%6.00%6.00%6.00%

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