Plan Performance

In 2021, the Plan exceeded its targets for financial performance and continued its long-term track record of sustained growth.

2021 financial highlights


Going concern funded ratio


10-year annualized Plan net return


10-year benchmark return


Market value
of net Plan assets


2021 Plan net return


2021 benchmark

Growth of net assets available for benefits (in billions)

Return vs. policy benchmark

Net assets in the Plan totalled $8.5 billion at year-end. The Plan delivered a solid 8.9% return for the year, exceeding the policy benchmark. Over the past 5- and 10-year periods ending 2021, the Plan has earned an annualized rate of return of 8.6% and 9.3%, respectively, exceeding the benchmark returns.

The 5-year 8.6% annualized return, net of investment management fees, exceeded the policy benchmark return of 8.1% by 0.5%.

Plan return (net of fees)


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 2021 annual report

For more information on our latest performance, download our annual report below.


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