Financial Update of the Fund
Posted On: Jun 18, 2018

Financial Update

As we approach the halfway mark for the year the Fund is on track to perform as projected.  If everything stays on course we can expect to add slightly to our growing reserves.  Reserves are used to smooth out the rough times when claims spike in order to keep premiums and benefits steady. The Board of Trustees current policy target is to accumulate 12 months’ worth of expenses as reserves, of which we currently are 70% funded.  The last time our reserves were fully funded was in 2010 just prior to effects of the slowing economy and Obamacare.

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