Investment Performance
The Basic Plan
About the Basic Pension Plan
- The Basic Pension Plan is a defined benefit plan.
- Participants do not have individual accounts.
- Participants do not contribute to the Basic Pension Plan.
- Investment returns do not change the benefit earned. The benefit is based on a formula using your career average earnings and years of service (measured by Credited Service Months)
- Investments are directed by the Finance Committee, in consultation with Cambridge Associates.
2021 Year-to-Date Investment Performance
(Preliminary data, net of fees)
| Time Period | Return |
| November 2021 | -2.0% |
| Year-to-Date (as of November 30, 2021) | 5.7% |
Historical Investment Performance
As of December 31, 2020 (net of fees)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| 12.4% | 13.0% | -4.8% | 13.2% | 7.2% | -0.9% | 6.2% | 8.5% | 12.0% | 1.2% |
The Supplemental Plan
About the Supplemental Pension Plan
- The Supplemental Pension Plan is a defined contribution plan.
- Participants have individual accounts.
- Contributions are made by Employers and Participants.
- Individual account balances are directly affected by investment performance.
- Investments are directed by the Finance Committee, in consultation with Cambridge Associates.
2021 Year-to-Date Investment Performance
(Preliminary data, net of fees)
| Time Period | Return |
| November 2021 | -1.5% |
| Year-to-Date (as of November 30, 2021) | 4.4% |
Historical Investment Performance
As of December 31, 2020 (net of fees)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| 11.5% | 11.5% | -3.7% | 11.4% | 5.9% | -1.2% | 5.7% | 6.4% | 11.5% | 2.8% |
The annual investment results have been compiled and confirmed by the Pension Plans’ investment consultant. Actual changes to a Participant’s Supplemental Pension Plan individual account will vary based on other factors, including contributions, rollovers and other additions to the account, as well as benefit payments, allocated expenses and other deductions from the account.
