Message From The President Highlights It's A Defined Benefit Plan Sources Of Funding Buyer Beware Cost-Of-Living Adjustments Membership Benefit Changes Pension Commmittee Investment Committee Asset Mix Investments At December 31, 2000 Asset Types Investment Managers Custodian/Trustee Pension Plan Performance Financial Statements

You are in: The Plan : Publications : 2000 Annual Report : Membership   Membership Active members are those currently contributing to the Plan. Deferred members are former employees who have left their entitlement in the MTS Pension Plan to be paid at a later date. Retirees and beneficiaries are those currently receiving a pension from the Plan.   Total Percentage Of Membership Active Members 3,505 56% Deferred Members 610 10% Retirees and Beneficiaries 2,142 34% Total Members 6,257 The percentage of active members has decreased from last year by about 8%, while the percentage of deferred members and retirees/beneficiaries has increased. This decrease in contributing members will not affect the security of the benefits being earned or the benefits being paid. The actuarial valuation takes the membership statistics into account when determining the assets needed to pay the promised benefits. Copyright 2004. All rights reserved.