Every three years, the Staff Pension Plan is required to undergo a financial checkup called an actuarial valuation. This checkup helps us to assess whether the SPP’s funding is sufficient to support Plan benefits now and in the future, in particular, the level of post-retirement indexing that can be supported. The valuation also enables the Plan to keep regulatory filings up-to-date with pension authorities. The next actuarial valuation is planned for December 31, 2022. The results of the valuation will be available in the fall of 2023 and will be shared on the Actuarial Valuations page and in our Plan newsletters.
