The Association of Canadian Pension Management believes that a new funding regime must be developed to preserve DB pension plans.
Pension assets rose for a third successive quarter as global financial markets continued to progress during the first quarter.
The City of Detroit, working through federal bankruptcy mediators, has reached an agreement on pension and healthcare benefits with an association representing retired Detroit police and firefighters.
The Colleges of Applied Arts and Technology Pension Plan reported a 13.9% net return for the year that ended on Dec. 31, 2013.
Ottawa's unfunded liabilities for employee pension plans rose to $272 billion in 2013, far larger than reported, according to a C.D. Howe Institute study.
The funded status of the typical U.S. corporate pension plan declined in March.
In 2013, the largest corporate pension plans in the United States experienced historic improvement, with plan liabilities decreasing by 7.5% and assets improving by an average of 9.9%.
After 18 months of uninterrupted improvement, the solvency health of Canadian pension plans dipped slightly in the first quarter of 2014, according to Mercer.
More than one-third of Canadian DB plans were fully funded at the end of the first quarter.
The financial health of corporate America's largest pension plans improved significantly in 2013 as funding improved to a level not seen since the start of the financial crisis, according to a new analysis by Towers Watson.