The plan now carries a $304 million surplus and is welcoming optional member contributions
The Canada-Wide Industrial Pension Plan closed 2025 holding about $1.41 in assets for every dollar it owes members, a funded ratio of 141 percent.
The plan reported $1.1bn in assets and a $304m funding surplus in its latest actuarial valuation, dated December 31, 2025.
A 9.9 percent investment return over the year underpinned those figures, according to the valuation.
CWIPP's funded position gives the plan "a solid foundation," said Shawn Rahbek, managing director of CWIPP.
He said a well-funded plan can better absorb market swings and meet its long-term pension obligations.
Board chair Gary Goddard tied the funded ratio to "years of prudent decision-making by the Board of Trustees."
The result reinforces the plan's pension commitment to members, he said.
A 141 percent ratio means the plan holds roughly $1.41 for every dollar of pension obligations, the valuation stated.
CWIPP also launched a redesigned website in June, the plan said, and has begun accepting optional member contributions on top of the contributions set through bargaining.
Members can now add to their bargained contributions, though the plan does not require them to.
Employers that join CWIPP set their contribution rates and structure through what they negotiate with their unions.
Because the plan is a target benefit arrangement, pension legislation caps employer costs at the negotiated contribution rates.
Member contributions are permitted but not required, and the plan pays members' pensions as monthly income for life.
