The deal struck in Congress last week to raise the debt ceiling meant the nation did not default on its debts, although the U.S. credit rating was downgraded. It is projected that the economy will remain unsteady until at least the end of 2011. The investments of the Pension Fund are well-positioned to continue responding to these new economic realities. The Pension Fund has shown steady investment recovery from declines in late 2008 and early 2009 and at the end of March 31, 2011 the Pension Fund assets represented 129% of actuarial funding for all current and future pension commitments.
In response to our recent economic situation, the Pension Fund will host their 2nd annual conference call for all their members on Tuesday, August 23. For more information on how you can participate in the conference call and to read the Pension Fund’s full press release, visit: www.disciples.org/Portals/0/PDF/DNS/2011/20110810-PensionFundDebtCeilingResponse.pdf