GOOD NEWS.

In 2016 the NPF achieved 60.6% actuarial funded status,  its highest in recent history, if not ever.  The NPF continues its multi-year positive trends. *

In 2016 NPF pension contributions exceeded pensions paid, for the frst time in recent history, if not ever, a remarkable achievement. *

SO SO NEWS

In 2016, on a Current Liability basis,  NPF cash on hand vs current accrued pension liability equaled 32.1%, which is unimproved but consistent with NPF history.  (.32 cents on the dollar.) *

In  2016 the NPF was still in Endangered Status.  We have a long way to go  to truly secure your retirement and the NPF but the trend is now your friend.  Protect your union and your retirement.  Stay vigilant.

*Source:  Martin E Segal, January 1, 2017, NPF Actuarial Valuation.

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