2008 Annual Report - IWA Forest Industry Pension Plan

TABLE OF CONTENTSMESSAGE FROM THE TRUSTEES 1PROFILE 2A BRIEF REVIEW OF 2008 3PENSION PLAN GOVERNANCE 4OVERVIEW 4GOVERNANCE PRACTICES 4BOARD COMMITTEES 5BOARD CHANGES 5GOVERNANCE STRUCTURE 6MEMBERSHIP 7ACTIVE MEMBER PROFILE 8RETIRED MEMBER PROFILE 8HISTORICAL MEMBERSHIP TRENDS 9INVESTMENT INFORMATIONASSETS IN THE PENSION FUND 10ASSET MIX 11RATES OF RETURN AND BENCHMARKS 12INVESTMENT MANAGERS 14TOP TEN HOLDINGS 14FINANCIAL INFORMATIONGOING CONCERN ACTUARIAL LIABILITY 15SOLVENCY LIABILITY 16SUMMARIZED FINANCIAL STATEMENTS FOR 2008 17BENEFIT PAYMENTS 19OPERATING EXPENSES 19INVESTMENT AND CUSTODIAL FEES 20ANNUAL CASH FLOW 20CONTRIBUTORY HOURS 21GLOSSARY 22