The Pension Indexation Award is a PSPP design feature that provides inflation protection by annually adjusting your pension benefit amount when the funded status of the Plan is greater than 110%. The April 2024 valuation reports the Plan's funded status to be 124.2%.

The award is equal to 100% of the change, year over year, to the Canada All-Items Consumer Price Index (CPI), which is 3.63% for 2025 and will be applied on January 1, 2025. If you retired in 2024, your 2025 award will be pro-rated.

The 2025 Pension Payment Scheduled can be viewed here.

Members who need to drop off or pick up mail relating to the PSPP should contact the office to make arrangements as the Canada Post mail strike is ongoing.