Funded Status @ April 1, 2024, is 115.3%

The April 2024 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 = 3.46%            Pension Indexation Award = 3.63%

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

Check back here for an update on when the 3.46% salary indexation award is updated in the Pension Portal for the 2024-2025 pension year when running your pension estimates.