Kendall County Times

Kendall County Times

Tuesday, February 18, 2020

Report: Bristol-Kendall Firefighter's Pension Fund gained $12K in investment income in 2016

Local Government

By Local Labs News Service | May 17, 2018

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After projecting its investments would grow by 5.00 percent, the Bristol-Kendall Firefighter's Pension Fund netted 2.72 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 Bristol-Kendall Firefighter's Pension Fund's had $386,034 in investment assets last year. It paid $1,433 in investment expenses and gained $11,951 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.

Bristol-Kendall Firefighter's Pension Fund investment performance
2012
2013
2014
2015
2016
Investment assets
$90,647
$131,245
$205,503
$294,852
$386,034
Investment expenses
$0
$0
$337
$1,078
$1,433
Investment income
$143
$151
$2,873
$12,145
$11,951
Net investment income to assets
0.16%
0.12%
1.23%
3.75%
2.72%
Actuarial assumption
5.00%
5.00%
5.00%
5.00%
5.00%

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Bristol-Kendall Firefighter's Pension Fund

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