The $2.4 billion Chicago Policemen's Annuity and Benefit Fund reported a fiscal year-end return of 0.8%, matching its policy benchmark for period ended June 30, a performance report showed.
By comparison, the fund's net annual return as of the same date a year earlier was 4.5%.
Annualized net returns over longer periods were 4.2% for the three-year period ended June 20 (benchmark, 5%); five-years, 5% (5.2%); and 10-years,7.6% (7.3%).
The defined benefit plan's annualized return since in inception (Jan. 1, 1984) was 8.3%. The report did not provide a benchmark return for this period.