​​​​​Pensions Fund

For members who wish to convert their accumulated retirement savings into a regular monthly income, the Plan offers a fixed monthly pension. These monthly pensions are paid from our Pensions Fund, which is invested in high-quality, long-term bonds.​

Around the 20th of each month, the Plan sets the annuity rate for new pensions that will start in the following month. This annuity rate is used to calculate the payments for these new pensions.​ For your payment to start in a particular month, please ensure we receive your completed application and other requirements no later than the 20th of the previous month (e.g. October 20 if the payment is to start in November).

 

Historical annuity rates

% 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Average -- 3.68 2.25 1.77 2.48 2.95 2.87 2.82 2.88 3.58 3.62
January 3.80 2.25 1.85 2.10 2.90 2.70 3.20 3.00 3.20 4.00 3.30
February 3.85 2.80 1.90 2.00 2.90 2.90 3.10 2.90 2.90 3.90 3.40
March -- 3.00 2.15 1.90 2.80 3.00 3.00 2.90 2.70 3.80 3.50
April -- 3.27 2.45 2.10 2.50 2.90 3.00 3.00 2.60 3.70 3.40
May -- 3.65 2.40 1.80 2.60 3.00 2.70 3.00 2.60 3.70 3.20
June -- 3.95 2.55 1.70 2.50 3.10 2.60 2.90 2.90 3.60 3.30
July -- 4.35 2.35 1.60 2.30 2.80 2.50 2.80 2.90 3.50 3.60
August -- 4.10 2.20 1.60 2.30 2.80 2.80 2.60 2.90 3.40 3.70
September -- 3.95 2.10 1.65 2.00 2.90 2.80 2.50 2.70 3.30 4.00
October -- 4.05 2.20 1.55 2.30 3.10 3.00 2.60 3.00 3.50 4.10
November -- 4.60 2.40 1.55 2.40 3.10 2.90 2.60 3.10 3.30 4.00
December -- 4.20 2.45 1.65 2.30 3.10 2.80 3.00 3.10 3.30 4.00