Investments

SPP hires independent money managers to invest member funds.The Plan's Board of Trustees establishes the Investment Policy and then delegates investment decision making responsibility to the fund managers. The Board monitors investment performance quarterly and reviews the investment policy at least annually.

Funds of members who have not yet retired are pooled in the Contribution Fund. Accounts of members who have retired are pooled in the Annuity Fund.

The Contribution Fund allows members to invest in a balanced portfolio or a short-term fund. The balanced fund investment strategy is to maximize earnings for members and minimize the risk while the purpose of the short-term fund is capital preservation. Detailed information about these funds is available by clicking the link or contacting SPP directly at 1-800-667-7153. The Annuity Fund is invested in bonds and short-term investments. The strategy for this fund is to produce income to pay members' pensions.

SPP's Annual Report and a list of Investment Holdings are available for downloading. The balanced fund portfolio composition is shown below.