2015 CSS Pension Plan Highlights

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2015 Annual Report available on csspen.com Learn more about how your CSS Pension Plan did in 2015 by viewing our full 2015 annual report on csspen.com

2015 HIGHLIGHTS

These highlights demonstrate the strength and diversity of the CSS Pension Plan. For more than 75 years, the Plan has helped co-operative and credit union employees plan for and fund their retirements, while providing an important attraction and retention tool for co-operative and credit union employers.

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TOTAL ASSETS

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INVESTMENT FUNDS

ASSETS BY INVESTMENT FUND

$3.1B $59.7M $98.1M $35.4M

$3.3B AVERAGE RETURN

Balanced Fund

Equity Fund

Money Market Fund

Bond Fund

NET ASSETS AVAILABLE FOR BENEFITS $3,500,000 $3,300,000 $3,100,000 ($ thousands)

$2,900,000

AVERAGE BALANCED FUND RETURN SINCE 1948

8.06%

$2,700,000 $2,500,000 $2,300,000 $2,100,000 $1,900,000 $1,700,000 $1,500,000

2006

2007

Balanced Fund

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2008

2009

2010

Money Market Fund

2011

2012

2013

Equity Fund

2014

2015

Bond Fund


2015 FUND RATES OF RETURN

Equity Fund

15.00%

4.10%

10.00%

Balanced Fund

3.83%

5.00%

Bond Fund

3.61%

0.00%

-5.00%

Money Market Fund

0.92%

-10.00%

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FUND RETURN PROFILES 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35%

BALANCED FUND

17.34% 10.17%

9.66%

8.48% 3.83%

2.20% -0.12%

-18.57%

2006

30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35%

16.36%

12.51%

2007

2008

2009

2010

2011

2012

2013

2014

2015

EQUITY FUND 28.10%

26.07%* 17.54%* 13.44%

12.48%*

8.97% 4.10%

2.82%*

-5.51%

-33.14%*

2006

2007

*Benchmark returns

CSS PENSION PLAN

2008

2009

2010

2011

2012

2013

2014

30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35%

2015

MONEY MARKET FUND

3.79% 4.36%

2006

30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35%

2007

3.56%

2008

0.71%

2009

0.56%

2010

1.18%

2011

1.11%

2012

1.08%

2013

1.08%

2014

0.92%

2015

BOND FUND

4.04%*

6.40%* 3.67%*

5.42%*

6.74%*

9.27%

8.51% 3.61%

3.96%

-1.82%

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


MEMBERS TOTAL EMPLOYEE MEMBERSHIP INACTIVE MEMBERS

17,110 TOTAL

RETIREES

44,783

6,900

ACTIVE MEMBERS

20,773

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Reti

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Female

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Male

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GENDER DISTRIBUTION*

emb

ers

Under25 25 Under 25 29 25 - 29 34 3030- -34 35 39 35 - 39 40 44 40 - 44 49 4545- -49 54 5050- -54 59 5555- -59 64 6060- -64 65 + + 65

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Act ive m

AGE DISTRIBUTION*

Female Male

59% 0 0

1000 2000 3000 4000 4000 5000 5000 6000 6000 7000 7000 8000 1000 2000 3000

FEMALE

41% MALE

Members

*Includes active and inactive members only

RETIREES NEW MONTHLY PENSIONS Started in 2015 - 230 Total funds - $34,380,476 Average funds - $149,480

DISTRIBUTION OF FUNDS AT RETIREMENT ties

i

STARTED IN 2015

Life

u Ann er

Oth

10 1 55

CSS Pension Plan monthly pension F

RRI

230

IF

PRR

LIF

nts

me Funds (LIFs) Life BIncome Pay

V CSS

158

NEW VB PAYMENTS Started in 2015 - 201 Total funds $58,962,928 Average funds $293,348

CSS Pension Plan Variable Benefit Payments

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Prescribed Registered Retirement Income Funds (PRRIFs) CSS 61

201

Registered Retirement Income Funds (RRIFs) Other registered pension plans Life annuities

NUMBER OF RETIREES**

AVERAGE RETIREMENT AGE**

6,900

62.21

**Includes monthly pension and Variable Benefit recipients

2015 HIGHLIGHTS


EMPLOYERS EMPLOYER DISTRIBUTION

NT&NU 13 Co-ops

BC 17 Co-ops 3 CUs

SK 127 Co-ops 50 CUs AB 52 Co-ops 10 CUs

MB 50 Co-ops 30 CUs

NS 1 CU ON 8 Co-ops 1 CUs

TOTAL EMPLOYER MEMBERSHIP

TOTAL EMPLOYER MEMBERSHIP

362

CONNECTING TO YOUR FUTURE The CSS Pension Plan provides competitive, value-added retirement products and services exclusively to co-operative and credit union employees.

267

CO-OPERATIVES

With a proud history spanning over 75 years, we are one of the oldest and largest defined contribution pension plans in Canada with over $4B in total assets. Today we serve over 360 employers and 40,000 current and past co-operative and credit union

95 CREDIT UNIONS

CSS Pension Plan Fifth floor, 333 - 3rd Ave. N. PO Box 1850, Saskatoon, SK S7K 3S2 P: (306) 244-1539 | Toll-free: 1-844-4CSSPEN | F: (306) 244-1088 | E: css@csspen.com

employees across eight provinces and territories.

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