If you receive a Beacon Journal pension you should have received in the mail a summary annual report on the pension fund for the year ending December 2006.
Here is the basic information:
Benefits under the plan are provided through a trust fund. Plan expenses were $3,274,993. These expenses included $220,733 in administrative expenses and $3,054,260 in benefits paid to participants and beneficiaries. A total of 835 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.
The value of plan assets, after subtracting liabilities of the plan, was $57,50 1,411 as of December 31, 2006, compared to $53,348,524 as of January 1,2006. During the plan year the plan experienced an increase in its net assets of $4, 152,887. This increase includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of $7,427 ,880.
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