How are the gains/losses calculated and allocated?
The investment gains or losses are calculated by the funds actuarial consultants based on the investment performances of the investment managers. All of the participants in the plan that has an ending balance in the prior plan year and an ending balance on December 31st of the current plan year will receive the same investment rate. For example, if you began working with the union in January and had no balance entering the plan year, you will not be included in the allocation of the interest rate. Also, if you withdraw your funds at the end of the year in December, you will not earn any interest or sustain any losses as you will not have any ending balance at the end of the year.
