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Adobe Stock
The DOI biennial report detailing the health of each of the pension funds shows the Broadview Police Pension Fund's had $25,029,126 in investment assets last year. It paid $62,037 in investment expenses and gained $284,267 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.
Broadview Police Pension Fund investment performance
2012 | 2013 | 2014 | 2015 | 2016 | |
---|---|---|---|---|---|
Investment assets | $21,785,613 | $23,057,067 | $24,013,209 | $25,425,676 | $25,029,126 |
Investment expenses | $50,883 | $54,816 | $58,292 | $77,970 | $62,037 |
Investment income | $938,919 | $2,075,542 | $1,900,652 | $1,948,918 | $284,267 |
Net investment income to assets | 4.08% | 8.76% | 7.67% | 7.36% | 0.89% |
Actuarial assumption | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |