2025 Cost-of-Living Adjustments

Your pension includes inflation protection every January with cost-of-living adjustments (COLA). The COLA formula is set by legislation and is based on the measure of the change in the Alberta Consumer Price Index (ACPI) monthly values reported by Statistics Canada. Based on an ACPI increase of 2.9%, pensions will be adjusted as follows effective January 1, 2025: 

• For pensionable service to December 31, 1992: Pensions will increase by 1.74%, calculated at 60% of the ACPI increase. 

• For pensionable service from January 1, 1993: Pensions will increase by 2.03%, calculated at 70% of the ACPI increase. 

Plan members who received a pension for less than 12 months in 2024 receive a pro-rated adjustment. 

To view your individual COLA calculation (like the image below), you can sign in to your MyPension account.  You can use this information to calculate your gross pension for 2025, but your net pension cannot be calculated until the tax tables for 2025 have been published by the Canada Revenue Agency (CRA) at the end of December.

Your Pension Information Statement, available mid-January, will include the net adjustment, comparing your gross monthly pension amounts from December 2024 to January 2025. If you would like to go paperless and receive an email notification when your statement is available in MyPension, be sure to update your communication preferences. 

For more details on how COLA is calculated, please visit our COLA webpage. 

The image below is for illustration purposes only. Your personal COLA calculation will be different.