The April 2026 valuation reports that the Plan's funded status is 113.8%. With sufficient funds available, both 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). The salary indexation noted above is now reflected in your pension estimates.

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