Annual Actuarial Valuation

The Trustees recently received and reviewed the results of the annual actuarial valuation of the Plan’s financial condition as of September 1, 2008.  The study shows the Trust Fund having a funded ratio of 115% based on assets exceeding the value of the Plan’s accrued liabilities by $76.0 million. 

This is the first valuation using the new valuation requirements of the Pension Protection Act.  The Trustees have been carefully considering the impact of these new requirements and are pursuing some strategies that will better match the annual valuation process with the long term nature of pension plans.

Full Issue: No. 189 - June 10, 2009

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