FINANCIAL SUMMARY
Investing in Your Future - Together
Our focus is on delivering the pension promise to our members. We achieve that objective through stable, continued growth that looks to the long term.
The HOOPP Fund at a Glance:
Our experienced in-house team of investment professionals manages the HOOPP Fund.
At the end of 2011, the HOOPP Fund had $40.3 billion in net assets available for benefits, an increase of $4.6 billion over the previous year.
The HOOPP Fund was 103% funded meaning it is well positioned to meet its financial obligations to its more than 270,000 members.
| |
'11 |
'10 |
'09 |
'08 |
'07 |
'06 |
'05 |
'04 |
'03 |
| Net assets available for benefits (in billions) |
40.3 |
35.7 |
31.1 |
26.7 |
30.0 |
27.9 |
24.5 |
21.1 |
21.1 |
| Smoothed asset value adjustment |
(2.5) |
(0.6) |
1.5 |
3.6 |
(1.6) |
(2.7) |
(1.7) |
0.2 |
1.4 |
| Smoothed value of net assets |
37.8 |
35.1 |
32.6 |
30.3 |
28.4 |
25.2 |
22.9 |
21.3 |
20.1 |
| Accrued liability |
36.8 |
34.9 |
32.0 |
31.2 |
28.7 |
25.8 |
23.7 |
21.9 |
20.1 |
| Surplus/(Unfunded liability) |
1.0 |
0.2 |
0.6 |
(0.9) |
(0.3) |
(0.6) |
(0.9) |
(0.6) |
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