The solvency position of Canadian pension plans improved slightly in the second quarter of 2014.
Thanks to continuously generous Canadian equity returns during the second quarter of 2014, the health of the country’s DB pension plans reached the highest median solvency ratio since September 2007.
Enjoying recent gains, pension funds are turning their attention to a new challenge: keeping them
Pension plans are in better shape than they were last year, especially those based in Canada.
The Government of Nova Scotia and the Nova Scotia Teachers Union have agreed to changes to the Teachers' Pension Plan.
NCR Corp. is offering a voluntary lump sum payment option to certain former employees or beneficiaries currently receiving a monthly benefit from its American pension plan.
The largest Canadian corporate pension plans are now nearly fully funded, and some plans are beginning to take steps to de-risk, according to a report.
The market value of Canadian employer-sponsored pension funds totalled $1.3 trillion at the end of the fourth quarter of 2013, up 5.8% from the third quarter, according to Statistics Canada.
The funded status of Canadian pension plans has declined slightly.
The funded status of the typical U.S. corporate pension plan fell 0.4 percentage points in May 2014 to 90.6%, a new 2014 low.