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Monday, March 22, 2021

CLAC Pension Plan Reaches Major Milestone

The CLAC Pension Plan surpassed $1 billion in total assets in November 2020

The CLAC Pension Plan surpassed $1 billion in total assets in November 2020! This is a remarkable result given the dramatic fluctuations 2020 brought to financial markets.

Reaching this milestone is the result of both additional contributions to the plan as well as strong investment performance. The strong long term performance of the CLAC Pension Plan, along with its member-focussed terms and conditions, helps prepare members for retirement.

Fast Facts

• Started in 1974

• Reached $1 million in 1982

• Reached $100 million in 2005

• Reached $500 million in 2014

• Reached $1 billion in November 2020

• Over 96,500 active account holders