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Tuesday, April 30, 2013

BJ pension plan at 85.31% of liabilities at end of 2012

The Beacon Journal's assets for funding the employees' retirement plan at the end of 2012 was at 85.31 percent of the plan's liabilities, according to the annual funding notice provided to BJ retirees.

That's up from the 75.49 percent of 2011 but down from the 86.56 percent of 2010. 

The plan had almost $44.1 million in assets for 2012, compared to almost $41.8 million in 2011 and almost $46 million in 2010. Mutual funds make up 42.65 percent of the assets, which helps explain the rise and fall nature of the yearly totals. 

There are 337 current BJ retirees affected by the plan. Another 193 are entitled to future benefits. The other 158 are active participants.

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