Funding highlights as at December 31, 2021
UPP's filed actuarial valuations:
(Funded status at December 31, 2021)
Ongoing asset-liability modelling allows us to stay ahead of potential challenges that could impact our sustainability and closely aligns the investment portfolio with the pension commitments it is built to fund, all to help maintain a strong funded status over time.
These AL studies, which UPP performs on an ongoing basis, bring together all important aspects of the Plan to simulate outcomes over thousands of different scenarios — incorporating our asset mix, liabilities, future economic scenarios, demographic changes, actuarial assumptions, Funding Policy, and the high-level impacts of plan amendments.
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