|
|
- As of December 31, 2005, Pension Trust assets increased to more than $29 billion.
- Your Plan holds its position as the largest labor-management trust in the world. When ranked with all public and corporate plans, it’s the 37th largest pension trust in the U.S.
- Trust investment performance remains stellar, ranking in the 6th percentile of Taft-Hartley trusts over the past 10 years, as measured by the Wilshire Cooperative Universe.
- Your Plan continues to add active participants, having grown more than 2% in recent years. More than 8,000 have joined the rolls in the past four years. New groups continue to choose the Trust as the plan of choice for lifetime financial security.
- Your Pension Plan continues to provide an umbrella of security for participants and their families, including monthly pension, disability, and spouse and surviving child benefits.
- Last year, your Plan paid retirees and beneficiaries more than $1.84 billion dollars in benefits, the most in its history.
- Contributing employers paid a record $1.2 billion on behalf of covered work in 2005 7.3% more than the previous year.
The most important fact to remember is your retirement security does not depend on the financial fortunes of any one employer.
More than 190,000 pensioners and beneficiaries are now receiving monthly Plan benefits. Over 11,300 are receiving benefits for 25 years or longer, and 4,650 retirees and beneficiaries are over age 90. Many of them are receiving pensions based on work with companies that have long since faded from memory.
|
|