Ironically, every year in April since 2009, LANS/TRIAD has published a perfunctory status of the Defined Benefit Pension. Given the hit on the market I do no expect good news. As a reminder, last April 2018 TRIAD published a 104% funding attainment. Prior to 2018, there has a been a 5% per year decline in value from 134%, in spite of bull markets. When the attainment is 80% or below TRIAD will "punt" the pension to the federal government (Pension Benefit Guaranty Corporation) and pay a portion or all benefits would we have received from the plan. It should be noted that this is huge difference between the UC pension and the private LANS/TRIAD pension. My understanding is that UC pension will stay with UC through "thick and thin". I will never forget Tyler conveying "substantially equivalent in the aggregate", we will soon see what "aggregate" means. Buckle up everyone; we've been living on borrowed time.
I should also mention that LANS/TRIAD is very secretive about how (and who) they manage this private pension. I've tried without success to determine the qualifications and credentials of the personnel that manage the pension, let alone specifically where the investments.
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https://ucnet.universityofcalifornia.edu/news/2020/03/the-long-term-stability-of-the-uc-retirement-plan.html
On the other hand the LANS/Triad pension remains a secret, with no information being provided to its pensioners. Let's face it, this would be great time and excuse for Triad to unload this private pension on the U.S. government, it's perceived as a financial liability and risk for them.
“The Plan’s funding target attainment percentage decreased to 104.11% due to increasing plan liabilities. The liabilities are calculated using the interest rates as allowed under the Moving Ahead for Progress in the 21st Century Act, enacted in 2012. Without this legislation, the Plan’s funding target attainment percentages for 2018 and 2019 would have been 88.16% and 83.99%, respectively.”