The ultimate objective of the investment strategy is to deliver a rate of return that will fund current and future pension benefits while keeping contribution rates affordable for our members.
The CAAT Plan concluded 2019 with a total of $13.5 billion in assets, up from $10.8 billion the previous year. The fund returned 16.0%, net of investment management fees, over the one-year period, and moved the 10-year annualized rate of return net of fees to 10.0%.
The Plan has experienced steady growth in assets over a 10-year period.
The success of our investment program over time has made a significant contribution to the benefit security and stable contributions members and employers enjoy today.
More details can be found in the most recent Annual Report.