Annual Report 2010-2011

To date, the consolidation of text amendments has been suspended to allow for new trustees’ familiarization with existing issues and to maintain cost containment measures given the current economic outlook. While the pension has regained what it had lost during the economic downturn, the Trustees engaged in reviewing the fund manager’s (FGP) performance during the downturn, structural costs, and means of eliminating unnecessary liabilities and fees.