unfunded liability – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 14:00:21 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 U.S. public pension plans’ funded ratio increasing to 80.6% in 2024: report https://www.benefitscanada.com/canadian-investment-review/research-markets/u-s-public-pension-plans-funded-ratio-increasing-to-80-6-in-2024-report/ Thu, 01 Aug 2024 19:00:18 +0000 https://www.benefitscanada.com/?p=158669 The estimated funded ratio of U.S. state and municipal pension plans is expected to increase to 80.6 per cent in 2024 due to the outperformance of investment targets, according to a new report by Equable Institute. The report, which analyzed trends in benefits, cash flows, contributions, funding and investments at 245 of the largest U.S. […]

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]]> Newfoundland and Labrador addressing $8.18BN unfunded pension, employee benefits liabilities https://www.benefitscanada.com/news/how-newfoundland-and-labrador-is-tackling-unfunded-pension-liabilities-amid-fiscal-challenges/ Thu, 13 May 2021 16:00:37 +0000 https://www.benefitscanada.com/?p=100439 At the end of March 2020, Newfoundland and Labrador had $4.89 billion in unfunded pension liabilities, including unfunded liability and promissory notes, according to a report released last week by the premier’s economic recovery team. Added to the province’s $3.29 billion in unfunded liability related to employee benefits, this results in financial exposure of $8.18 […]

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]]> Governance was key to turnaround at Newfoundland and Labrador Teachers’ Pension Plan https://www.benefitscanada.com/canadian-investment-review/db-investments/governance-was-key-to-turnaround-at-newfoundland-and-labrador-teachers-pension-plan/ https://www.benefitscanada.com/canadian-investment-review/db-investments/governance-was-key-to-turnaround-at-newfoundland-and-labrador-teachers-pension-plan/#respond Wed, 23 Oct 2019 04:33:08 +0000 https://cumulus.benefitscanada.com/uncategorized/governance-was-key-to-turnaround-at-newfoundland-and-labrador-teachers-pension-plan/ Like many plans, the Newfoundland and Labrador Teachers’ Pension Plan came out of 2008 in rough shape. So, the government started to discuss what should be done to deal with the plan’s unfunded liability. In 2015, the agreement was made to turn the plan into a jointly sponsored pension plan, and the Teachers’ Pension Plan […]

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