Ad hoc pension increases remain on hold in 2022

01/12/2022

Ad hoc pension increases remain on hold in 2022

Posted by CSS Pension Plan on January, 12 2022
CSS Pension Plan

CSS reported to members in January of 2021 that the ad hoc pension adjustment program would remain in temporary suspension for 2021.

 

In late 2021, the Plan, with the assistance of its actuary, determined that it would be prudent to continue the temporary suspension of the ad hoc pension adjustment program through 2022. The Board of Directors approved the continuation of the suspension of the program at their third quarter meeting held in November 2021. 

CSS will continue to provide updates to members on the ad hoc adjustment program on an annual basis. 

 

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Topics: News


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