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Monday, December 23, 2024

Report: Cairo Police Pension Fund gained $8,200 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Cairo Police Pension Fund netted 0.39 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 Cairo Police Pension Fund's had $1,097,146 in investment assets last year. It paid $3,891 in investment expenses and gained $8,200 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.

Cairo Police Pension Fund investment performance
20122013201420152016
Investment assets$1,349,604$1,335,675$1,259,379$1,171,194$1,097,146
Investment expenses$0$4,526$4,454$4,279$3,891
Investment income$35,279$41,520$30,775$30,354$8,200
Net investment income to assets2.61%2.77%2.09%2.23%0.39%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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