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 PSPP, measured at April 1 of the previous year, is greater than 110%. This adjustment provides members with some protection against inflation.

Valuation (April 1^st)	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
2023	122.5%	X		January 1, 2024	6.86%	6.86%
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%