2009 Annual Report - IWA Forest Industry Pension Plan

Ta b l e o f Co n t e n t s
Me s s a g e f r o m t h e Tr u s t e e s 1
Pr o f i l e 2
A Br i e f Re v i e w of 2009 3
Pe n s i o n Pl a n Go v e r n a n c e 4
Over view 4
Go v e r n a n c e Pr a c t i ce s 4
Bo a r d Co m m it t e e s 5
Bo a r d Ch a n g e s 5
Go v e r n a n c e St r u c t u r e 6
Me m b e r s h ip 7
Ac t i ve Member Pr o f il e 8
Retired Member Pr o f il e 8
Historical Membership Tr e n d s 9
In v e s t m e n t In f o r m at i o n
Assets in t h e Pension Fu n d 10
Asset Mix 11
Ra t e s o f Re t u r n a n d Be n c h m a r k s 12
Investment Ma n a g e r s 14
To p Ten Ho l d in g s 14
Fi n a n c i a l In f o r m at i o n
Go in g Co n c e r n Ac t u a r i al Liability 15
So l v e n c y Liability 16
Su m m a r iz e d Fin a n c i al St ate m e nt s f o r 2009 17
Benefit Pa y m e n t s 19
Op e r a t in g Expenses 19
Investment a n d Cu s t o d i al Fees 20
An n u a l Ca s h Fl o w 20
Co n t r i bu t o r y Ho u r s 21
Gl o s s a r y 22