CAAT Plan fund continues to grow with another year of double-digit returns

The CAAT Plan's net rate of return in 2010 was 12.6%, bringing net assets to $5.45 billion at year end, up from $4.85 billion at the end of 2009. All of the Plan’s asset classes performed well during the year.

Despite the excellent returns in 2010, market losses incurred in 2008 and low long-term interest rates continue to have a negative effect on the funding of the Plan due to the use of asset smoothing in the actuarial valuation, which averages investment gains and losses over a five year period.