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Macon Reporter

Thursday, November 21, 2024

Report: Long Creek FPD Firefighters Pension Fund gained $36,568 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Long Creek FPD Firefighters Pension Fund netted 6.24 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 Long Creek FPD Firefighters Pension Fund's had $581,413 in investment assets last year. It paid $310 in investment expenses and gained $36,568 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.

Long Creek FPD Firefighters Pension Fund investment performance
20122013201420152016
Investment assets$649,816$662,832$653,546$625,129$581,413
Investment expenses$0$0$48$43$310
Investment income$24,415$5,134$27,511$5,505$36,568
Net investment income to assets3.76%0.77%4.20%0.87%6.24%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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