Human Resources
Queen's UniversityPension Plan Fund rate 9.8% through February 2013
Global equity markets continued to post strong returns in February, yielding another solid gain of 1.76% to the Fund. Overall performance was also positive -- returns were 15 basis points above benchmark for the month and 358 basis points above benchmark for the 12-month period ending February 28, 2013.
The net return after the first six months of the plan year stands at 9.7547% (September 1, 2012 through February 28, 2013).
Note that the current fund rate, which is calculated monthly based on reports from both our managers and the Plan's trustee, is now used to determine final values for members who decide to initiate pension benefit payments as well as for those who elect to transfer their account balances following termination or retirement. Active and deferred member balances are updated once each year based on the fund rate of return following our year-end of August 31.
Questions? Contact the Pensions & Benefits Unit of the Department of Human Resources.