Plan Performance
In 2022, the Plan continued to meet its long-term targets for financial performance, exceeding its benchmarks.
2022 financial highlights
Fully funded*
Going-concern funded status
0%
10-year net annualized return
6.7%
10-year benchmark net annualized return
$0B
Market value of net Plan assets
(0%)
1-year net annualized return
(7.1%)
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 totalled $7.8 billion at year-end. The Plan delivered a negative 6.9% return for the year, exceeding the policy benchmark. Over the past 5- and 10-year periods ending 2022, the Plan has earned an annualized rate of return of 5.1% and 7.3%, respectively, exceeding the benchmark returns.
The 5-year 5.1% annualized return, net of investment management fees, exceeded the policy benchmark return of 4.6% by 0.5%.
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 2022 annual report
For more information on our latest performance, download our annual report below.
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