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The DOI biennial report detailing the health of each of the pension funds shows the Niles Police Pension Fund's had $32,397,216 in investment assets last year. It paid $50,677 in investment expenses and gained $2,187,379 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.
Niles Police Pension Fund investment performance
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Investment assets | $27,292,841 | $28,170,348 | $27,989,308 | $30,438,654 | $32,397,216 |
| Investment expenses | $56,678 | $44,474 | $43,507 | $46,194 | $50,677 |
| Investment income | $1,010,599 | $1,027,775 | $135,737 | $2,838,590 | $2,187,379 |
| Net investment income to assets | 3.5 | 3.5 | 0.3 | 9.2 | 6.6 |
| Actuarial assumption | 6.8 | 6.8 | 6.8 | 6.3 | 6.3 |
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