Quantcast

Kane County Reporter

Friday, November 22, 2024

Report: Atwood FPD Firefighters Pension Fund gained $5 in investment income in 2016

Adobestock 224328871

Adobe Stock

Adobe Stock

After projecting its investments would grow by 5.00 percent, the Atwood FPD Firefighters Pension Fund lost 0.00 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 Atwood FPD Firefighters Pension Fund's had $2,521 in investment assets last year. It paid $5 in investment expenses and gained $5 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.

Atwood FPD Firefighters Pension Fund investment performance
20122013201420152016
Investment assets$21,024$7,126$215$28$2,521
Investment expenses$0$0$0$0$5
Investment income$16$13$1$1$5
Net investment income to assets0.08%0.18%0.47%3.57%0.00%
Actuarial assumption5.00%5.00%0.00%5.00%5.00%

!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