The April 2026 valuation reports that the Plan's funded status is 127.3%. With sufficient funds available, both the salary and pension indexation shall be awarded in full. 

               Salary Indexation Award = 3.07%        Pension Indexation Award = 2.11%

The Salary Indexation Award is equal to the increase in average wages in Canada, while the Pension Indexation Award is equal to the increase in the Canada All-Items Consumer Price Index (CPI).

For more information, see the Salary Indexation Award Archive and the Pension Indexation Award Archive. 

2025 Annual Pension Statements are targeted for release in November. When they become available, an update will be posted here and shared via your work email.