The Medicus Pension Plan is reporting a 152 per cent funded status on a going-concern basis and a 120 per cent funded status on a solvency basis as of Jan. 1, 2025. In its annual report, the multi-employer defined benefit pension plan designed exclusively for incorporated physicians in Canada, also reported an investment return of […]
The University Pension Plan recorded a 10.3 per cent annual net return in 2024, increasing its net assets to $12.8 billion. According to its latest annual results report, the investment organization took in $1.2 billion in net investment income during the year. The positive investment return was driven mainly by U.S. equities and absolute return […]
The estimated funded status of the 100 largest U.S. public defined benefit pension plans rose to 102.9 per cent in April, up slightly from 102.7 per cent at the end of March, according to a new report by Milliman Inc. It found an increase in discount rates shaved US$10 billion off liabilities and helped offset […]
An article that examined an Ontario court’s ruling on an employer’s termination clause was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario court rules employer’s termination clause enforceable due to clear language, entitlements 2. DEI pullback could […]
Defined benefit pension plans sponsored by Fortune 1000 companies entered 2023 with an aggregate funded position of 100.1 per cent, remaining almost unchanged at a level of 99.1 per cent by year-end, according to a report by WTW. The report, which analyzed the funded status and asset allocations of more than 400 plan sponsors, found […]
The funded position of a typical Canadian defined benefit pension plan decreased both on a solvency and accounting basis in March, according to Telus Health’s latest pension index. It found the average funded position decreased slightly on a solvency basis from 100 per cent to 97.7 per cent at the end of the month. On […]
An article on how incoming health-care legislation could impact plan sponsors’ virtual care offerings was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How national health-care legislation could impact benefits plan sponsors’ virtual care offerings 2. Labatt attracting, […]
The aggregate funded percentage of all U.S. multi-employer defined benefit pension plans reached 97 per cent as at Dec. 31, 2024, an increase from 89 per cent a year prior, according to a new report from consulting firm Milliman Inc. The report, which analyzes the funded status of all U.S. multi-employer DB plans through their […]
With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of surplus funds, says Gavin Benjamin, a partner in the retirement and benefits solutions practice at Telus Health. The funded position of a typical Canadian defined benefit pension plan rose on […]
The Nova Scotia Pension Services Corp. — which administers the investment assets of the Public Service Superannuation Plan and the Teachers’ Pension Plan — reported an increase in net assets to $13.7 billion, a year-over-year increase of about $670 million, for the fiscal year ending March 31, 2024. The PSSP saw an investment return of 7.93 […]