Since using a single benchmark portfolio to measure a pension plan’s funding status paints a narrow picture, a new report by PBI Actuaries and Consultants looked at four different portfolio types to see how the equity fall off at the end of the year, among other market events, affected different asset mixes. The liability portfolio kept […]
The Colleges of Applied Arts and Technology pension plan has reached a going-concern funding status of 120 per cent as of Jan. 1, 2019, up from 118 per cent last year. Along with the increased funded status, the plan’s funding reserve rose from $2.3 billion to $2.6 billion. The CAAT’s funding policy includes six funding […]
The Actuarial Standards Board is consulting on changes to key components of how the commuted value for a pension plan is calculated. The commuted-value standard is used to determine how much to pay a terminating plan member who chooses to take their pension payment as a lump sum. It’s also a key part of calculating […]