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Friday, November 22, 2024

Report: Mahomet Police Pension Fund gained $764 in investment income in 2018

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After projecting its investments would grow by 5 percent, the Mahomet Police Pension Fund lost 0.1 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 Mahomet Police Pension Fund's had $1,576,318 in investment assets last year. It paid $2,409 in investment expenses and gained $764 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.

Mahomet Police Pension Fund investment performance
20142015201620172018
Investment assets$685,674$941,346$1,127,160$1,370,524$1,576,318
Investment expenses$0$362$1,459$1,625$2,409
Investment income$550$7,311$12,138$22,760$764
Net investment income to assets0.10.711.5-0.1
Actuarial assumption55555

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