Staff
The Canada-Wide Industrial Pension Plan is reporting a return of 10.9 per cent for 2024, down slightly from 11.7 per cent in 2023.
It also reported five- and 10-year annualized returns of eight per cent and 8.3 per cent, respectively, with assets of roughly $900 million. As of its last actuarial valuation on Jan. 1, 2024, the plan was 128.6 per cent funded.
In addition, more than half of the CWIPP’s active employer groups received an average pension increase of 4.9 per cent effective Jan. 1, 2025.
“In total, that’s 18,000 CWIPP members and pensioners who will see an increase in the pension they’ve earned up to Dec. 31, 2024,” said the CWIPP in a press release.
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