The January 18, 2018 actuarial valuation showed that the CAAT Pension Plan stands 118% funded on a going-concern basis, with a funding reserve of $2.3 billion. This is an improvement over last year’s valuation that showed the Plan 113% funded with a funding reserve of $1.6 billion.
With 2017’s strong performance, the Plan has achieved its strongest position since becoming a Jointly Sponsored Pension Plan 22 years ago.
Strong investment returns
The CAAT Plan’s assets grew to $10.8 billion in 2017 on the strength of its investment performance: 15.8%, net of investment management fees to bring the five-year annualized net rate of return to 11.4%. The 2017 return exceeded the policy benchmark by 3.5%. Our investment team’s careful stewardship has earned an additional $1.1 billion in value over the policy benchmark during the last five years.
Learn how the Plan is working to strengthen the benefit security of its members: