Pension Indexation Award Archive

A Pension Indexation Award is applied each January 1 at the rate of the increase in the Canada All-Items Consumer Price Index (CPI) when the funded status of the TPP, measured at April 1 of the previous year, is greater than 110%. This adjustment provides members with some protection against inflation.

Valuation
(April 1st)
Funded Status
per Valuation

Was Minimum Funded Status
of 110% Achieved

Award Date Target Pension Indexation
that May Be Awarded
Actual Pension Indexation Awarded
              Yes         No      
        2022             127.2%            X   January 1, 2023             3.74%        3.74%
        2021             121.1%            X       January 1, 2022             0.61%        0.61%
        2020             113.2%            X   January 1, 2021             2.00%        2.00%
        2019             125.3%            X   January 1, 2020             2.15%        2.15%
        2018             124.0%            X   January 1, 2019             1.63%        1.63%
        2017             119.9%            X   January 1, 2018             1.52%        1.52%
        2016             115.5%            X   January 1, 2017             1.05%        1.05%