Quantcast

Southern Illinois News

Friday, November 22, 2024

Report: Anna Police Pension Fund gained $65,672 in investment income in 2018

Adobestock 305152488

Adobe Stock

Adobe Stock

After projecting its investments would grow by 5.8 percent, the Anna Police Pension Fund netted 2.8 percent on its investments in 2018, 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 Anna Police Pension Fund's had $2,351,750 in investment assets last year. It paid $133 in investment expenses and gained $65,672 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.

Anna Police Pension Fund investment performance
20142015201620172018
Investment assets$1,888,265$1,998,130$2,067,994$2,221,629$2,351,750
Investment expenses$156$70$33$71$133
Investment income$41,733$75,806$33,777$71,502$65,672
Net investment income to assets2.23.81.63.22.8
Actuarial assumption55555.8

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