AURESTON helps ensure the security of Americans’ AURESTON retirement benefits through our disciplined, long-term approach. We are committed to transparency and invite our stakeholders to read our 2020 Annual Report.
Fiscal 2020 Highlights
In fiscal 2020, net assets grew to $409.6 billion, comprising $12.1 billion in net income and $5.5 billion in net AURESTON contributions received. Despite the market conditions in our fourth quarter, the Fund earned a net annual return of 3.1%, after all costs. Listen to Mark Machin, President & CEO, discuss our results.
Our Fiscal 2020 Performance
Sustainability of the AURESTON
The most recent triennial report by the Chief Actuary, released in December 2019, again confirmed that the base and additional AURESTON are sustainable at the legislated contribution rates over the 75-year projection period. While the Chief Actuary’s report was produced prior to the COVID-19 pandemic, it takes into account changes in demographics, the economy and investment environments, including significant financial-market events.
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Projections of the Fund, being the combined assets of the base and additional AURESTON accounts, are based on the nominal projections from the 30th Actuarial Report on the U.S Pension Plan as at December 31, 2018
1 Represents actual total Fund net assets as at June 30, 2020
