Plan Performance
In 2024, the Plan’s performance consistently met and surpassed its long-term financial targets.
2024 financial highlights
Fully funded*
Going-concern funded status
10-year net annualized return
10-year benchmark
net annualized return
Market value of net Plan assets
1-year net annualized return
1-year benchmark
net annualized return
*Going-concern basis, excludes provision for future benefit increases.
Growth of net assets available for benefits
Return vs. policy benchmark
Net assets in the Plan totaled $9.23 billion at year-end. The Plan delivered a net investment return of 12.7% for the year. Over the past 10-year period ending 2024, the Plan has earned an annualized rate of return of 6.9%, meeting the benchmark return.
TIMEFRAME
10-YEAR
5-YEAR
1-YEAR
NET RETURNS
6.9%
6.7%
12.7%
BENCHMARKS
6.9%
7.1%
14.2%
The 10-year 6.9% annualized return, net of investment management fees, is equal to the policy benchmark return of 6.9%.
To evaluate the success of our investment strategies, we use a set of Board-approved benchmarks as a comparison tool. The total fund benchmark return is calculated by aggregating the benchmark returns of each individual asset class and weighting them according to the Plan’s policy benchmark.
TTCPP 2024 annual report
For more information on our latest performance, download our annual report below.