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Illinois Valley Times

Saturday, November 2, 2024

Report: Peru Firefighters Pension Fund gained $61,640 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Peru Firefighters Pension Fund netted 2.52 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 Peru Firefighters Pension Fund's had $2,105,119 in investment assets last year. It paid $8,582 in investment expenses and gained $61,640 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.

Peru Firefighters Pension Fund investment performance
20122013201420152016
Investment assets$1,866,089$1,937,980$1,988,552$2,046,468$2,105,119
Investment expenses$25$0$0$8,491$8,582
Investment income$88,379$52,551$29,688$58,290$61,640
Net investment income to assets4.73%2.71%1.49%2.43%2.52%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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