Solvency funding of the Canada Post Pension Plan
In December 2021, the Government of Canada introduced the Canada Post Corporation Pension Plan Funding Regulations (proposed regulations) to provide Canada Post with temporary relief from its solvency funding obligations until December 31, 2024. These proposed regulations have been approved and came into force on April 7, 2022. Without this relief, Canada Post expected to make estimated special payments of $796 million for 2022, as the solvency relief of 15% available under the Pension Benefits Standards Act, 1985, will be fully utilized during the year.
Plan information can also be found in the Canada Post Pension Plan 2021 Report to Members and the annual and quarterly Canada Post financial reports.