Maintaining the value of your pension can be top of mind for members, especially in the face of economic uncertainty. This is why providing sustainable inflation adjustments to your pension has always been a priority for the board. We want you to be confident that your pension will remain strong and secure and will help cover day-to-day expenses even as the cost of living increases.

Our ability to provide an annual inflation adjustment shows the continued strength of the plan. Change is constant, but while global markets may ebb and flow, rest assured that your pension will be there. You have worked hard for your pension, and we will continue to work hard for you.

In your first year of retirement, your inflation adjustment is pro-rated according to the number of months you’ve received your pension. You’ll receive the full inflation amount once you’ve received 12 pension payments in a calendar year.

The way inflation adjustments are calculated differs slightly between BC’s public sector pension plans, resulting in different rates. Your plan calculates the inflation adjustment based on:

• The percentage change in the average Canadian consumer price index (CPI) from November 2024 to October 2025 and the average CPI from November 2023 to October 2024
• The funds available in the plan’s inflation adjustment account (IAA)

The most recent valuation showed the IAA is healthy and has sufficient funds to pay for inflation adjustments into the foreseeable future.

While not guaranteed, inflation adjustments are a valuable benefit for members that, once granted, are a permanent addition to your basic pension. They are also applied to the bridge benefit and the temporary annuity portion of your pension while you are receiving them.

Visit the Adjusting for inflation web page, found under related content, to learn more about how inflation adjustments work.