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Friday, November 22, 2024

Report: Mahomet Police Pension Fund gained $12,138 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Mahomet Police Pension Fund netted 0.95 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 Mahomet Police Pension Fund's had $1,127,160 in investment assets last year. It paid $1,459 in investment expenses and gained $12,138 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
20122013201420152016
Investment assets$190,352$444,225$685,674$941,346$1,127,160
Investment expenses$0$0$0$362$1,459
Investment income$7$298$550$7,311$12,138
Net investment income to assets0.00%0.07%0.08%0.74%0.95%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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