Your benefits are secure

Posted for Members, May 15, 2018

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:

  • Visit the 2018 Valuation page to read the details and watch the March 22, 2018 webinar “Keeping the Plan Strong.”
  • Download the 2017 Annual Report for details on the Plan’s funding and investment performance.
  • Watch the "2017 Year in review" video highlighting our accomplishments of the past year.