Dear members,
I am pleased to be able to convey to you some fantastic news of continued grown of our jointly governed CAAT Pension Plan, which stands 118% funded on a going-concern basis, with a funding reserve of $2.3 billion, based on its latest actuarial valuation as at 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.
For further details, I invite you to read the attached 2018-03-01 CAAT-Funding Valuation news release.
Pat Kennedy
Faculty Sponsor of CAAT Pension Plan