CCWIPP Financial Statement for 2008 Now Online
uncharted has obtained a copy of the 2008 financial statement for the Canadian Commercial Workers Industry Pension Plan (CCWIPP). The news is devastating. Highlights for 2008 include:
- Losses from investments: $9.4 million
- Decrease in net assets: $356 million
- Total return: -19.6%
- Total actuarial liability: $2 billion
- Funded status: 42%