Funded Status @ April 1, 2024, is 124.2%

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 Award Archive and the Pension Indexation Award Archive.

Check back here for updates on when the 3.46% salary indexation awarded is updated in the Pension Portal for the 2025 pension year when running your pension estimates, and when your 2023 Annual Pension Statement is available.