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CCWIPP Financial Statement for 2008 Now Online

Written by Wanda Pasz Sunday, 06 December 2009

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%
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