Detailed information is available in the Fund Investments section of our website:

• Quarterly Performance Review
• Portfolio of Investments
• Comparison Corner
• Investment Policy

 

The money contributed to the Retirement Plan, and the interest credits, are invested at the direction of the Board in accordance with its investment policy as implemented by Retirement Fund Management.
 

The Fund has a very diversified portfolio. You can see the current asset allocation chart here.
 

The Fund invests for the long term and all assets are actively managed (with the exception of our large cap equities which are indexed or passively invested). We always look for opportunities to make interim adjustments, so we have asset allocation reviews annually and rebalance the portfolio quarterly.
 

Frozen wages alone will only result in total contributions being flat when compared to the prior year. It is important to understand that contributions are not a source of revenue to the Fund. All contributions are credited to participant accounts and, as a result, create a liability equal to the value of the contribution.
 

It really would have no effect on the Fund. Each participant's benefits are based on the amount they have in their accounts at the time they retire. The timing of any other individual's retirement will not affect you or your benefits.
 

Pension funds like ours have liability streams to be concerned with, while endowments do not. Therefore, endowments have a much longer investment time horizon. Having said that, we have a lot of alternative assets like endowments do, but these are complicated and sophisticated strategies that require a deep and experienced staff. The Fund's policy portfolio might be a good model for a YMCA's endowment, but it wouldn't be that easy to actually replicate it due to the typical size of YMCA endowments.