Funded Status = 120.3%

The April 2023 valuation reports that the Plan's funded status was above the thresholds required for salary and pension indexation and both shall be awarded in full.

                Salary Indexation Award = 3.14%                  Pension Indexation Award = 6.86%

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.