Given the recent economic uncertainty and dramatic market movements over the past few weeks, it is important to highlight some of the unique attributes of the Central Pension Fund, which has allowed the Fund to continue to grow and provide a stable source of lifetime retirement income to IUOE members and their families since 1960. In that regard, the Central Pension Fund’s Board of Trustees maintains a prudent, highly diversified, long-term strategic asset allocation based on forward-looking capital market assumptions and long-term projections. At the same time, the Fund’s internal and external investment professionals closely monitor the investment portfolios on a daily basis consistent with the Fund’s policies and procedures.
This approach is designed to safeguard the retirement security of IUOE members and their families, ensuring that the Fund continues to provide secure, lifetime annuity benefits not just today, but for decades to come. In summary, while volatility in the investment markets presents challenges, the Central Pension Fund remains one of the largest and most well-funded multiemployer pension plans in the United States and is in a strong and stable position notwithstanding the ongoing market volatility.
