Quantcast

North Cook News

Monday, November 4, 2024

Report: Arlington Heights Police Fund gained $7,002,705 in investment income in 2016

Adobestock 263034311

Adobe Stock

Adobe Stock

After projecting its investments would grow by 6.75 percent, the Arlington Heights Police Fund netted 5.83 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 Arlington Heights Police Fund's had $114,712,029 in investment assets last year. It paid $314,427 in investment expenses and gained $7,002,705 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.

Arlington Heights Police Fund investment performance
20122013201420152016
Investment assets$83,503,750$92,036,356$101,896,303$108,152,297$114,712,029
Investment expenses$202,832$252,279$265,075$155,508$314,427
Investment income$9,439,876$7,488,101$9,400,427-$861,016$7,002,705
Net investment income to assets11.06%7.86%8.97%-0.94%5.83%
Actuarial assumption6.75%6.75%6.75%6.75%6.75%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS