Manitoba Telecom Services (MTS) expects to contribute $130 million to its pension plan and repay $70 million in short-term indebtedness it incurred in February to pre-fund the company’s pension obligations. MTS will use part of the proceeds from the sale of its Allstream division, which was announced Friday, to reduce the deficit. The company believes […]
Despite strong performance across most asset classes, pension liabilities in the United Kingdom have still managed to outpace the growth in pension fund assets.
Investment returns in U.S. DB plans outperformed those in DC plans in 2011 by the widest margin since the mid-1990s.
The funded status of the typical U.S. corporate pension plan fell 1.8 percentage points in April to 80.8% as liabilities rose.
Some countries do a world-class job of making it to the top quartile of performance by ensuring their aging populations have financial security at retirement. Others, not so much.
A recovery in global stocks helped provide a boost to Canadian pension assets in the first quarter, according to RBC Investor Services. DB pensions earned 4.4% in Q1, bringing 12-month returns to 9.4%.
The funded status of the 100 largest pension plan sponsors among U.S. publicly traded companies fell for the second straight year in 2012, despite strong investment returns and large employer contributions, according to analysis by Towers Watson.
Canyon Lake, Calif., has told the California Public Employees’ Retirement System that it wants to end its relationship with the pension fund.
The California Public Employees’ Retirement System pension and health benefits committee has approved new actuarial policies that are aimed at returning the system to fully funded status within 30 years.
On Jan. 1, 2013, amendments to Ontario’s Pension Benefits Act (PBA) took effect, allowing employers to use a letter of credit (LOC) to cover up to 15% of solvency liabilities in a pension plan. For employers in the province, the welcome change may help alleviate some of the funding challenges faced by DB plan sponsors.