The Shepherds' Trust Financial Results
Investment Fund-Market Value
2016 expenditures totalled $3.05 million ($2.98 million in 2015) consisting of monthly allowances to beneficiaries, health care premiums and costs of extended health care for priests.
An actuarial study was completed as at July 1, 2015 and the net unfunded liability was $5.8 million.
As at December 31, 2015 the net unfunded liability was $1.9 million,
The next actuarial study will be completed as at July 1, 2018
A copy of the audited financial statements is available for review at the office of the Archdiocese of Toronto – Accounting & Finance Department, 1155 Yonge Street, Toronto.