Pension Life - 2021
Your 2021 cost-of-living adjustment is 0.5 per cent
We are pleased to inform you that you received a 0.5 per cent cost-of-living adjustment (COLA) effective January 1, 2021. COLA helps the value of your pension keep up with the rising cost of living; the adjustment amount is based on changes in the Canadian consumer price index between September 2019 and September 2020.
COLA (which is not guaranteed) is funded by member and employer contributions to the inflation adjustment account. As your Pension Committee, we monitor the plan’s ability to pay COLA.