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Sunday, November 17, 2024

Report: Elk Grove Village Police Pension Fund gained $67,059 in investment income in 2016

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After projecting its investments would grow by 6.75 percent, the Elk Grove Village Police Pension Fund lost 0.06 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 Elk Grove Village Police Pension Fund's had $71,037,041 in investment assets last year. It paid $111,475 in investment expenses and gained $67,059 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.

Elk Grove Village Police Pension Fund investment performance
20122013201420152016
Investment assets$57,078,742$61,447,411$65,793,379$70,558,241$71,037,041
Investment expenses$222,504$249,699$192,723$101,585$111,475
Investment income$2,657,440$4,690,312$4,296,739$4,249,064$67,059
Net investment income to assets4.27%7.23%6.24%5.88%-0.06%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

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