Performance Overview

Our portfolio performance is measured using two key metrics:

• Long-term returns on invested assets in excess of the Funding Policy’s discount rate.
• The Plan’s ability to exceed the return of the policy benchmark on a 4-year annualized basis.

In 2023, the Fund delivered on both key metrics. Overall, the Plan’s performance exceeded the discount rate across our short, medium and long-term investment windows, and it delivered significant value above our policy benchmark. As a result, we remain well positioned to deliver on our promise to the members who rely on us.

For more detailed information on the Fund’s 2023 performance, visit our Annual Report: Our Plan, Our Impact.