Salary Indexation Award Archive

 A minimum funded ratio of 100% is required to award salary indexation.

Valuation
(April 1st)
Funded Status
per Valuation

Was Minimum Funded Status
of 100% Achieved

Pension Award Year1 Target Salary Indexation
that May Be Awarded
Actual Salary Indexation Awarded2
              Yes         No      
        2021                TBD          TBD       TBD Jan. - Dec./22             7.15%         TBD
        2020             113.2%            X   Jan. - Dec./21             3.22%        3.22%
        2019             125.3%            X   Jan. - Dec./20             2.26%        2.26%
        2018             124.0%            X   Jan. - Dec./19             2.43%        2.43%
        2017             119.9%            X   Jan. - Dec./18             0.70%        0.70%
        2016             115.5%            X   Jan. - Dec./17             0.84%        0.84%

Notes:
1. A member must remain active for the entire year to be awarded the full value of the "Actual Salary Indexation Awarded."
2. Indexation for Pension Award Years 2014, 2015, and 2016 was pegged at 1.5%. The 2017 Pension Award Year was the first year based on the plan's funded status.