funded ratio – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 06 May 2024 14:12:20 +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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]]> Median solvency ratio of Canadian DB pension plans up 2% in Q1 2024: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-up-2-in-q1-2024-reports/ Thu, 04 Apr 2024 19:00:37 +0000 https://www.benefitscanada.com/?p=153937 The median solvency ratio of Canadian defined benefit pension plans increased two per cent in the first quarter of 2024, according to a report by Mercer. The report, which tracks more than 450 DB pension plans, found the median solvency ratio grew to 118 per cent, as at March 29, 2024, from 116 per cent […]

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]]> Kodak outsourcing US$1.6TN of pension assets to maximize overfunded status https://www.benefitscanada.com/pensions/defined-benefit-pensions/kodak-outsourcing-us1-6tn-of-pension-assets-to-maximize-overfunded-status/ Wed, 06 Mar 2024 14:00:46 +0000 https://www.benefitscanada.com/?p=152633 Eastman Kodak Co. is disbanding a team that manages the firm’s US$1.6 trillion of pension investments and moving its management to Boston-based investment consulting firm NEPC. In a statement, the organization said as at Dec. 31, 2022, the fair value of plan assets was approximately $3.7 billion, with the projected benefit obligation of the plan […]

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]]> Median solvency ratio of Canadian DB pension plans declines in Q4 2023: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-declines-in-q4-2023-reports/ Fri, 05 Jan 2024 14:00:12 +0000 https://www.benefitscanada.com/?p=149694 The median solvency ratio of Canadian defined benefit pension plans declined in the fourth quarter of 2023, according to reports by Mercer and Aon. Mercer’s report, which tracked more than 450 DB pension plans, found the median solvency ratio declined to 116 per cent as at Dec. 31, 2023, from its previous high of 125 […]

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]]> U.S. public DB pension plans’ funded ratio continues to increase: report https://www.benefitscanada.com/canadian-investment-review/db-investments/u-s-public-db-pension-plans-funded-ratio-continues-to-increase-report/ Tue, 05 Sep 2023 16:08:34 +0000 https://www.benefitscanada.com/?p=142905 The funded ratio of the 100 largest U.S. public defined benefit pension plans increased to 76.8 per cent as of July 31, up from 75.8 per cent at the end of June, according to a new report by consulting firm Milliman Inc. It found a second consecutive month of positive market performance drove this result, […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-46/ Fri, 04 Aug 2023 13:00:59 +0000 https://www.benefitscanada.com/?p=141849 An article on whether Canada should implement flexible working legislation was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Should Canada implement flexible working legislation for all workplaces? 2. How DC plan sponsors can prevent a Muslim pension gap 3. How employers can support employees impacted by […]

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]]> Manitoba’s TRAF returns -0.42%, increases funded ratio in 2022 https://www.benefitscanada.com/canadian-investment-review/db-investments/manitobas-traf-returns-0-42-increases-funded-ratio-in-2022/ Mon, 31 Jul 2023 19:00:46 +0000 https://www.benefitscanada.com/?p=141512 Manitoba’s Teachers’ Retirement Allowances Fund returned negative 0.42 per cent in 2022, exceeding its benchmark return of negative 5.04 per cent. “While we are pleased with these short-term results, our longer-term results are equally favourable,” said Jeff Norton, the TRAF’s president and chief executive officer, in its annual report. “Over the past 20 years to […]

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]]> New Brunswick PSPP announces 5.24% COLA, 0.32% below CPI https://www.benefitscanada.com/pensions/defined-benefit-pensions/nbpspp-announces-5-24-cola-0-32-below-cpi/ Thu, 08 Sep 2022 17:00:38 +0000 https://www.benefitscanada.com/?p=126505 Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada. According to a press release, the $6.6 billion hybrid pension plan’s board of trustees voted to award its 40,000 members with a 5.24 per cent COLA, set to begin on […]

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]]> Nova Scotia’s PSSP returns 5.56% for fiscal year https://www.benefitscanada.com/canadian-investment-review/db-investments/nova-scotias-pssp-returns-5-56-for-fiscal-year/ Thu, 30 Jun 2022 16:00:26 +0000 https://www.benefitscanada.com/?p=123745 The Nova Scotia Public Service Superannuation Plan generated net returns of 5.56 per cent during its latest fiscal year, which ended on March 31, 2022. According to its annual report, the PSSP, a defined benefit pension plan for 41,000 current and former public sector employees in Nova Scotia, saw the value of its assets rise […]

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]]> Expert panel: Is risk management the new frontier in pension governance? https://www.benefitscanada.com/pensions/governance-law/expert-panel-is-risk-management-the-new-frontier-in-pension-governance/ Tue, 07 Jun 2022 13:00:47 +0000 https://www.benefitscanada.com/?p=122333 The importance of risk management isn’t new for the majority of defined benefit pension plan sponsors and administrators. The impact of long-term interest rates, market volatility, changing demographics and increasing longevity, inflation concerns, geopolitical events and other large economic, environmental and social factors are all contributing to the need to manage the financial risks associated […]

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