In the third quarter of 2013, the market value of Canada’s employer-sponsored pension funds grew 3.1% to $1.3 trillion, according to Statistics Canada.
Towers Watson has recently implemented an innovative solution addressing hundreds of millions of dollars of pension obligations in a single transaction with one of its clients.
U.S. corporate pension plans in January 2014 gave up all of the gains they had achieved in the fourth quarter of 2013.
The Supreme Court of Canada has upheld a lower court ruling that the pension surplus that existed when Manitoba Telephone Services was privatized in 1997 belongs to the workers and retirees and must be repaid.
Michigan's governor is working with the state legislature to allocate up to US$350 million ($388.4 million) over the next 20 years to assist in saving retiree pensions by using tobacco settlement revenues.
Canadian pension plans posted solid gains in 2013 as global equity markets continued to surge during the fourth quarter.
Air Canada estimates that its $3.7 billion pension deficit has been eliminated within the past year and will have a small surplus, partly due to a 13.8% return on investments.
In a shifting CAP landscape, what’s the impact of industry consolidation on plan sponsors?
A new study prepared by an independent, professional actuary shows that Alberta's largest public sector pension plans are healthy and well on the way to returning to fully funded status.
Last year was a dream come true for pension funds, and 2014 may be another good year.