funding status – Benefits Canada.com

Canadian public pension plans’ average funding ratio increased to 116% in 2023: report

bmcgovern — Thu, 04 Jul 2024 19:00:35 +0000

Canadian corporate pension funds reported an average funding ratio of 117 per cent, while public pension funds reported an average of 116 per cent, according to a new report by Coalition Greenwich. The study, based on interviews more than 150 of the largest tax-exempt funds in Canada, found in 2023, these investors reported that, on average, six […]

The post Canadian public pension plans’ average funding ratio increased to 116% in 2023: report appeared first on Benefits Canada.com.

Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 26 Jan 2024 14:00:29 +0000

An article on the funded position of Canadian defined benefit pension plans was the most-read story on BenefitsCanada.com. Here are the five top HR, benefit, pension and investment stories of the week: 1. Average DB pension plan’s funded position on solvency basis up in November: report 2. Decision raises questions about dependent contractors’ entitlement to reasonable notice […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

Ontario tribunal determines employer entitled to $320K pension surplus

bwolfe — Thu, 22 Dec 2022 14:00:16 +0000

The Financial Services Tribunal of Ontario has awarded an employer with a $320,000 pension surplus, despite the plan’s trust agreements’ silence as to surplus entitlement. “The requirements for an employer to receive 100 per cent of surplus are strict, but the tribunal took a practical [approach] as opposed to a narrow interpretive approach to the […]

The post Ontario tribunal determines employer entitled to $320K pension surplus appeared first on Benefits Canada.com.

Canadians’ pension wealth increased to $4.9 trillion in 2021: report

bwolfe — Thu, 15 Dec 2022 14:00:27 +0000

Canadians’ total pension wealth increased by 7.9 per cent in 2021 to reach nearly $4.9 trillion by the end of year, according to a new report by Statistics Canada. It found revaluations of pension asset prices — largely due to equity market gains — increased pension wealth by $259.4 billion in 2021. On average, pension […]

The post Canadians’ pension wealth increased to $4.9 trillion in 2021: report appeared first on Benefits Canada.com.

Pension de-risking and the coronavirus – what now?

mschmit — Tue, 26 May 2020 04:37:10 +0000

It’s hard to believe that just recently, people weren’t cutting their own hair or binge-watching Tiger King. At the beginning of the year, defined benefit funding levels were at record highs and many pension plan sponsors were considering reducing their pension risk. Fast forward a few months and the novel coronavirus has turned the world […]

The post Pension de-risking and the coronavirus – what now? appeared first on Benefits Canada.com.

DB plans are better funded but expect returns to slump

mschmit — Wed, 20 Nov 2019 05:42:54 +0000

Defined benefit pension plans are lowering their long-term return expectations, according to research from U.S. consulting firm, NEPC. According to the NEPC’s survey of corporate and healthcare DB pensions, a third of plan sponsors now have a return assumption of six per cent or less, compared with 20 per cent that said the same in […]

The post DB plans are better funded but expect returns to slump appeared first on Benefits Canada.com.