Investment Funds

Information for CSS Pension Plan Members. This booklet includes:

• questions and answers about Investment Choice
• summary information about the CSS Pension Plan’s Investment Funds
• information about finding a qualified financial advisor
• information about Investment Risk
• information about Market Timing
• examples of how members in different circumstances might choose to invest

*Adobe Acrobat Reader Required

Investment Instructions Form. The Plan’s default investment choice is the Balanced Fund. If you wish to change how your pension equity and any future contributions are invested, you must complete and return this form with the required $75 processing fee.

*Adobe Acrobat Reader Required

Information about the Balanced Fund's investment objectives and structure.

*Adobe Acrobat Reader Required

Information about the Bond Fund's investment objectives and structure.

*Adobe Acrobat Reader Required

Information about the Equity Fund's investment objectives and structure.

*Adobe Acrobat Reader Required

Information about the Money Market Fund's investment objectives and structure.

*Adobe Acrobat Reader Required

Overview of the four investment funds.

*Adobe Acrobat Reader Required

The accumulated benefits of retirees who choose to start a fixed monthly pension are transferred into the Pensions Fund - a segregate bond portfolio that secures the Plan's pension liability. Monthly pension payments are paid from this Fund. The Plan offers single and joint life pensions. Pensions provided by the Plan may receive periodic, ad hoc increases, subject to the solvency of the Pensions Fund and the policies adopted by the Plan's Board of Directors.

An actuarial valuation of the assets held in the Pensions Fund and of the Plan's pension liability is required every three years by law. The most recently completed valuation was conducted December 31, 2009. At that date, the Plan's actuary reported that the market value of the assets held in the Pensions Fund exceeded the Plan's pension liability.

Each month long-term bonds are purchased as the assets for the monthly pensions due to commence in the upcoming month. The annuity rate is tied to the yield on these long-term bonds, such that the higher the yield the higher the pension conversion rate, and the higher the monthly pension amount for the upcoming retirees.

Here is a table of historical annuity rates: