CSI Pension Plan and the Current Markets

With the markets down and economic troubles making the headlines, we are getting a few calls wondering what impact this all has on our CSI Pension Plan. Because pension plans by their nature are long term retirement vehicles, the recent market activity does not have an immediate impact on participant and retiree benefits. Benefits continue to be earned and retirement checks continue to go out.

The Trustees have positioned the investments of the Plan with a long term investment horizon. In times of turmoil, the best response is to focus on the basics and not to overreact. The Plan has experienced market swings before. We are maintaining close contact with our investment managers and monitoring the assets closely. However, because the Plan can have a long term perspective no changes are needed to the diversified long term asset mix that has been put in place.

Full Issue: No. 170 - December 2008

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