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


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 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.

return vs policy graph

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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