Collaborative Settlement Agreement
Status of CSA Issues that Remain Open
- DROP Cost Neutrality.
Status: The CSA requires an actuarial valuation to determine whether the Deferred Retirement Option Plan (DROP) is cost-neutral to the Pension Trust. Issue remains pending.
- Schedule of Funded Ratios
Status: The CSA requires the CRS actuary to prepare a schedule of funded ratios and revise it every five years. The schedule shows a target funded ratio that will result in the CRS Pension Fund being fully funded by the end of 2045. The current schedule is here: Schedule of Funded Ratios.