How The Fund Works

Investments & Performance
Funding Level History

The funding level is the market value of the Fund’s assets as a percentage of its liabilities (the present value of all future benefit promises to current participants and retirees).

Since the depths of the Great Recession in March 2009, the funding level has improved as the value of the Fund’s assets has increased, although not in a straight line.

Assets and Liabilities December 31, 2018