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The DOI biennial report detailing the health of each of the pension funds shows the Genoa Police Pension Fund's had $1,519,603 in investment assets last year. It paid $0 in investment expenses and gained $24,864 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.
Genoa Police Pension Fund investment performance
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Investment assets | $790,300 | $955,738 | $1,107,490 | $1,308,516 | $1,519,603 |
| Investment expenses | $45 | $0 | $51 | $0 | $0 |
| Investment income | $8,038 | $10,089 | $14,629 | $36,955 | $24,864 |
| Net investment income to assets | 1.01% | 1.06% | 1.32% | 2.82% | 1.64% |
| Actuarial assumption | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
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