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DeKalb Times

Monday, November 25, 2024

Report: Sandwich Police Pension Fund gained $1,886 in investment income in 2016

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After projecting its investments would grow by 6.00 percent, the Sandwich Police Pension Fund lost 0.43 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 Sandwich Police Pension Fund's had $4,200,185 in investment assets last year. It paid $19,768 in investment expenses and gained $1,886 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.

Sandwich Police Pension Fund investment performance
20122013201420152016
Investment assets$3,180,302$3,365,933$3,773,591$4,120,119$4,200,185
Investment expenses$16,593$17,050$18,410$19,570$19,768
Investment income$61,005$241,085$252,180$193,401$1,886
Net investment income to assets1.40%6.66%6.19%4.22%-0.43%
Actuarial assumption6.00%6.00%6.00%6.00%6.00%

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