pension funding

Keyword: pension funding

471 results found
Copyright_jakkapan_123RF

The Public Service Superannuation Plan is reporting a one-year investment return of 7.03 per cent, which pushed its net investment income to $562 million during the fiscal year ending March 31, 2025. The investment performance beat the actuarial assumed rate of return of 6.50 per cent but didn’t clear its policy benchmark’s return of 9.21 […]

  • By: Staff
  • July 17, 2025 July 16, 2025
  • 11:00

The Canadian pension risk transfer market reached record-breaking demand in 2024 with $11 billion in deals at the end of the year, eclipsing the $7.8 billion combined total of annuities transactions in 2023 and 2022. Indeed, the fourth quarter of 2024 alone saw $5.2 billion of overall transactions, split between $1.5 billion in buy-ins and […]

A stigma around the use of leverage by a pension plan is magnified if the organization is facing funding issues, said Brandon Weening, executive vice-president of corporate and capital markets finance at the Ontario Municipal Employees’ Retirement System, during a session at the Canadian Investment Review’s Global Investment Conference. The skepticism around note offerings is […]

The Association of Canadian Pension Management is calling on the Alberta government to modernize its provincial pension legislation and align its laws with other Canadian jurisdictions in terms of funding rules, innovation, administration and reducing red tape. In an open letter to Alberta Finance Minister Nate Horner, the ACPM outlined several proposed legislative changes, based […]

  • By: Staff
  • May 27, 2025 May 27, 2025
  • 11:00

Yellow Pages Ltd. is transferring $210 million in defined benefit pension liabilities through a group annuity contract with BMO Insurance. According to a press release, BMO Insurance will issue annuities covering the responsibility for pension benefits of roughly 860 retired plan members at the company. The insurance firm will start administering all benefits to these […]

  • By: Staff
  • May 26, 2025 May 23, 2025
  • 15:00

Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims to ensure pensioners receive 100 per cent of their last monthly salary up to roughly 16,777 Mexican pesos (US$975), which is the average monthly wage for workers affiliated with the […]

  • By: Sadie Janes
  • November 15, 2024 November 13, 2024
  • 08:54
Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

The funded position of a typical Canadian defined benefit pension plan rose on both a solvency and accounting basis in April, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 106.4 per cent in April, up from 106 per cent in March. The accounting index, which […]

  • By: Staff
  • May 23, 2024 May 22, 2024
  • 09:00

The average funding ratio for U.S. public pension plans declined to 75.4 per cent in 2023, compared to 77.8 per cent in the previous year, according to a new survey by the National Conference on Public Employee Retirement Systems. The report, which was based on responses from nearly 160 public pension funds with roughly US$2.3 […]

  • By: Staff
  • February 22, 2024 February 22, 2024
  • 11:00
Copyright_Mikhail Tsikhanovich_123RF

Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension Plan Sustainability and Transfer Act, which received royal assent in December, will impact more than 7,800 active members enrolled in five plans serving school board and nursing home employees and […]

U.S. public sector defined benefit pension plans that have switched to a defined contribution model have experienced negative cash flows and increased costs and employee turnover, according to a new report by the National Institute on Retirement Security. The report analyzed five public sector pension plans including those in Alaska, Michigan and West Virginia. It […]

  • By: Staff
  • December 13, 2023 December 13, 2023
  • 15:00