Fund Assets

Fund assets increased 15% over the past year to $4.308 billion as at August 31, 2007. During the year, the fair value of investments increased $564 million, contributions exceeded benefit payments and costs by $117 million, and the fund earned $110 million in investment income.

Plan contributions reached $623.0 million, growing by $27.9 million or 5% from the previous year's total. This increase was the result of the growth in total pensionable salaries.