pension deficits – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Funded ratio of 100 largest U.S. corporate DB pension plans declines to 98.4% in fiscal 2023: report https://www.benefitscanada.com/canadian-investment-review/research-markets/funded-ratio-of-100-largest-u-s-corporate-db-pension-plans-declines-to-98-4-in-fiscal-2023-report/ Wed, 01 May 2024 13:00:08 +0000 https://www.benefitscanada.com/?p=155012 The funded ratio of U.S. corporate defined benefit pension plans declined to 98.5 per cent in fiscal 2023 from 99.4 per cent in 2022, according to a new report by Milliman Inc. The report, which reviews the financial disclosures of the 100 largest U.S. public corporate DB plans, found their average return on investments was […]

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]]> Quebec court rules municipal sector pension law unconstitutional for retirees, justified for active members https://www.benefitscanada.com/pensions/governance-law/quebec-court-rules-municipal-sector-pension-law-unconstitutional-for-retirees-justified-for-active-members/ Thu, 29 Jun 2023 13:00:45 +0000 https://www.benefitscanada.com/?p=140505 The Quebec Court of Appeal has ruled the province’s Bill 15, which substantially modified municipal sector pension plans, is unconstitutional with respect to retirees but justified for active plan members. The legislation, which was passed in 2014, adopted a cost-sharing formula for plans and plan deficits, established a shared-cost stabilization fund and put an end […]

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]]> Super-priority pension bill may hasten DB plan closures: expert https://www.benefitscanada.com/pensions/governance-law/super-priority-pension-bill-may-hasten-db-plan-closures-expert/ Thu, 15 Dec 2022 18:15:19 +0000 https://www.benefitscanada.com/?p=131477 A bill currently under consideration by Canada’s senate could hasten the closure of open defined benefit plans, according to Gavin Benjamin, a partner in LifeWorks Inc.’s pension and benefits solutions business. “In our view, this is a potential outcome, particularly with respect to companies for whom the ability to borrow is affected by the bill,” […]

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]]> DB Solvency Ratios Inch Up https://www.benefitscanada.com/canadian-investment-review/cir-news/db-solvency-ratios-inch-up/ https://www.benefitscanada.com/canadian-investment-review/cir-news/db-solvency-ratios-inch-up/#respond Tue, 02 Oct 2012 05:01:31 +0000 https://cumulus.benefitscanada.com/uncategorized/db-solvency-ratios-inch-up/ But nearly all plans still face solvency deficiency: Aon Hewitt.

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