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Friday, April 4, 2025

Report: Norridge Police Pension Fund lost $399,345 in investment income in 2016

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After projecting its investments would grow by 6.75 percent, the Norridge Police Pension Fund lost 2.26 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 Norridge Police Pension Fund's had $23,898,636 in investment assets last year. It paid $141,282 in investment expenses and lost $399,345 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.

Norridge Police Pension Fund investment performance
20122013201420152016
Investment assets$20,479,926$22,005,026$23,581,318$24,873,574$23,898,636
Investment expenses$92,238$105,460$128,545$145,533$141,282
Investment income$799,115$1,671,130$2,052,275$1,914,013-$399,345
Net investment income to assets3.45%7.12%8.16%7.11%-2.26%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

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