Air Canada may get rid of its pension plan deficit, which was $3.7 billion at the end of January, in seven years.
Sustainability is a clichéd, overused word in the DB pension plan arena these days. Sustainability focuses on delivering an appropriate retirement benefit at an acceptable cost. In some ways, sustainability is a way to cloud the real issue: it always seems to come back to affordability.
The solvency position of Canadian pension plans continued to rise in May.
The funded status of the typical U.S. corporate plan increased by 5.6 percentage points in May to 86.4%—the highest level in nearly two years.
Manitoba Telecom Services (MTS) expects to contribute $130 million to its pension plan and repay $70 million in short-term indebtedness it incurred in February to pre-fund the company’s pension obligations. MTS will use part of the proceeds from the sale of its Allstream division, which was announced Friday, to reduce the deficit. The company believes […]
Despite strong performance across most asset classes, pension liabilities in the United Kingdom have still managed to outpace the growth in pension fund assets.
Investment returns in U.S. DB plans outperformed those in DC plans in 2011 by the widest margin since the mid-1990s.
The funded status of the typical U.S. corporate pension plan fell 1.8 percentage points in April to 80.8% as liabilities rose.
Some countries do a world-class job of making it to the top quartile of performance by ensuring their aging populations have financial security at retirement. Others, not so much.
A recovery in global stocks helped provide a boost to Canadian pension assets in the first quarter, according to RBC Investor Services. DB pensions earned 4.4% in Q1, bringing 12-month returns to 9.4%.