Teachers' 2012 results
April 03, 2013
In 2012, Teachers' reported record investment results despite challenging global markets, and delivered exceptional service in the face of legislative changes. Here are the highlights:
In the decade since 2002, your pension plan has nearly doubled its net assets to $129.5 billion, marking a new high. We set out to achieve an investment return of 11%, and by year-end had surpassed that target to report a 13% rate of return.
We paid roughly $4.9 billion in benefits throughout the year, and engaged with our members through emails, phone calls, web sessions and personal meetings about 439,000 times.
While demand for service increases, more than half of our members gave us a 10-out-of-10 when surveyed on service satisfaction. Overall, CEM Benchmarking, an independent authority on pension fund benchmarking, ranked our member service best in the world, with an average score of 9.1 out of 10.
To learn more about how your pension plan performed in 2012, read our Report to Members.