CAAT Plan funding grows to 118%
The CAAT Pension Plan stands 118% funded on a going-concern basis, with a funding reserve of $2.3 billion, based on its latest actuarial valuation (January 1, 2018).
This is an improvement over last year’s valuation that showed the Plan 113% funded with a funding reserve of $1.6 billion.
Under the Plan’s Funding Policy, Plan governors can apply any combination of building additional reserves, prefunding conditional inflation protection, and reducing contributions. The Plan governors determined that allocating additional reserves to further strengthen benefit security and contribution stability is the most prudent option at this time. Reserves are available as a cushion against unexpected investment market declines or liability growth.
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