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Kankakee Times

Tuesday, April 8, 2025

Report: Bourbonnais FPD Firefighters Pension Fund gained $52,857 in investment income in 2016

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After projecting its investments would grow by 5.00 percent, the Bourbonnais FPD Firefighters Pension Fund netted 2.74 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 Bourbonnais FPD Firefighters Pension Fund's had $1,899,094 in investment assets last year. It paid $892 in investment expenses and gained $52,857 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.

Bourbonnais FPD Firefighters Pension Fund investment performance
20122013201420152016
Investment assets$1,016,202$1,188,734$1,398,701$1,691,383$1,899,094
Investment expenses$8,846$10,190$10,130$8,132$892
Investment income$31,900$34,566$6,317$25,188$52,857
Net investment income to assets2.27%2.05%-0.27%1.01%2.74%
Actuarial assumption5.00%5.00%5.00%5.00%5.00%

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