Although we are all disquieted by the volatility and declines in the financial markets, it is in just these times when our historically conservative investment philosophy and diversification of assets prove their value. While our total assets have declined through the recent market turbulence, we continue to have reserves and cash-flow in excess of what is required to meet all current and future benefit promises. As with past market corrections, we will maintain our long-term investment policies and strategies instead of reacting to shorter term market dynamics and volatility. History has shown that opportunities frequently present themselves during just such times.
Pension Fund is pleased to discuss any questions or concerns you may have concerning either your specific accounts or the policies which govern the investment of plan assets.
James P. Hamlett, President
For more information about the Pension Fund, visit: www.pensionfund.org