Canada’s flexible pension plan for unions, employers and members, has achieved a funded ratio of 141% according to its latest actuarial valuation as of December 31, 2025. The plan now holds $1.1 billion in assets and reports a funding surplus of $304 million following a 9.9% investment return in 2025.
A funded ratio of 141% means the plan holds approximately $1.41 in assets for every dollar of pension obligations. The robust funded position continues to provide confidence in the long-term security of CWIPP members’ pension benefits, and in the plan’s governance, investment management, and benefit policies.
“CWIPP’s financial strength provides a solid foundation for the plan,” said Shawn Rahbek, Managing Director, CWIPP. “A well-funded plan is better positioned to navigate changing economic conditions. While markets will fluctuate, and funding levels will change over time, CWIPP’s strong funded position demonstrates that the plan is well prepared to meet its long-term pension commitments.”
Gary Goddard, CWIPP’s Board Chair, added, “CWIPP’s funded ratio reflects years of prudent decision-making by the Board of Trustees, disciplined investment management, and a focus on the long-term financial health of the plan. Most importantly, it reinforces the security of the pension commitment made to our members.”
Enhancing the member experience
Building on its financial performance, the plan also continues to improve member experience and outcomes. A newly re-designed website was launched in June, making it easier for all CWIPP members to connect with the plan, and find the information and support they need. CWIPP is also now welcoming additional optional member contributions, in addition to bargained contributions, providing even more flexibility and helping CWIPP members build larger pensions and achieve greater financial security in retirement.
Employers joining CWIPP have the flexibility to set their contribution rates and structure based on what is bargained with their unions. Because CWIPP is a Target Benefit pension plan, employer costs are fixed and limited by pension legislation to the negotiated contribution rates. Member contributions are permitted but not required. Plan members’ pensions at retirement are paid as a monthly income for life.
About CWIPP
CWIPP, the Canada-Wide Industrial Pension Plan, is Canada’s flexible pension plan built for unions, employers, and members. CWIPP was established in 1970 and is a multi-employer Target Benefit pension plan. CWIPP provides unions and employers with an administratively simple, transparent, and accessible pension solution designed to be modern, responsive, and flexible. Providing an exceptional plan experience for all participating members, CWIPP is an ideal pension solution for Canadians seeking a predictable pension income for life.
For more information about CWIPP and the advantages of a target benefit pension plan like CWIPP, please visit CWIPP or contact David Le Roy at dleroy@cwipp.ca.
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David Le Roy