Funded Status = 117.9%

The April 2021 valuation reports that the Plan's funded status was well above the thresholds required for salary and pension indexation and both shall be awarded in full.

          Salary Indexation Award = 7.15%          Pension Indexation Award = 0.61%

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.