Quantcast

Rockford Sun

Monday, December 23, 2024

Report: Rockford Police Pension Fund gained $13,827,363 in investment income in 2016

Adobestock 324498179

Adobe Stock

Adobe Stock

After projecting its investments would grow by 6.75 percent, the Rockford Police Pension Fund netted 7.61 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 Rockford Police Pension Fund's had $177,698,124 in investment assets last year. It paid $299,451 in investment expenses and gained $13,827,363 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.

Rockford Police Pension Fund investment performance
20122013201420152016
Investment assets$159,020,096$173,642,071$178,231,638$171,792,048$177,698,124
Investment expenses$229,423$285,126$291,976$290,237$299,451
Investment income$14,128,254$22,451,268$11,904,574$1,702,694$13,827,363
Net investment income to assets8.74%12.77%6.52%0.82%7.61%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS