FINANCIAL STABILITY OF LASERS:
Dramatic fluctuations in the financial markets due to the COVID-19 crisis are causing alarm globally, but be assured your LASERS retirement is secure. Benefit payments to our retirees and beneficiaries will continue to be made timely.
LASERS is financially stable, maintaining its commitment to a broadly diversified portfolio. We continue to comprehensively monitor the plan’s investments in relation to current market environments. LASERS is a long term investor, investing through multiple economic cycles.
While the recent market volatility has caused declines in many markets, it has also created multiple opportunities for our investment managers to seek out undervalued securities, depressed valuations, and other opportunistic investments.
The most common market news is regarding the performance of US publicly traded stocks, most notably the Dow Jones Industrial Average or the S&P 500. LASERS invests in the US stock market, but also invests in many different types of assets across the globe other than publicly traded stocks thereby lowering the risk of the total portfolio.
This demonstrates LASERS commitment to a diversified portfolio, ensuring that we continue to provide a secure retirement for our members and their beneficiaries.
We continue to believe that LASERS is well-positioned to meet its long-term goals and objectives.