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Macon Reporter

Tuesday, November 5, 2024

Report: Decatur Police Pension Fund gained $8,335,210 in investment income in 2016

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After projecting its investments would grow by 6.75 percent, the Decatur Police Pension Fund netted 8.23 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 Decatur Police Pension Fund's had $98,171,903 in investment assets last year. It paid $251,391 in investment expenses and gained $8,335,210 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.

Decatur Police Pension Fund investment performance
20122013201420152016
Investment assets$74,771,722$88,209,086$93,377,744$91,780,600$98,171,903
Investment expenses$171,255$143,992$200,456$188,554$251,391
Investment income$3,218,634$6,592,441$6,071,459$24,420$8,335,210
Net investment income to assets4.08%7.31%6.29%-0.18%8.23%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

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