Annual Reports
Each year, PSPP publishes an annual report detailing the previous year’s financial operations. The annual report includes financial statements, updates on Plan performance and investments, and a summary of operations.
The financial statements provide different information and results than actuarial valuations because they use different assumptions. Financial statements report the market value of the Plan’s assets and liabilities, whereas actuarial valuations use a smoothed value of the Plan’s assets and include a margin in the calculation of liabilities.
Based on strong returns in 2023, the four-year and long-term investment performance remain healthy and the Plan continues to be fully funded. The Plan has sufficient assets to pay the cost of all future benefits that have been earned to date.
You can learn more about our 2023 Plan performance through our: