Pension funding levels at large companies improved modestly at the end of last year, largely due to the moderate stock market gains and employer contributions. However, lower interest rates increased pension liabilities and continued to suppress funding levels to well below those in 2007 when the average pension plan was fully funded, according to new […]
Pensions are inextricably tied to the economy, said Malcolm Hamilton, an actuary with Mercer (Canada) Ltd., speaking recently in Toronto at the Association of Canadian Pension Management’s spring session, Checking the Pulse of Pension Reform. “If the markets do well, any pension will work. If the economy is bad, any pension—no matter how good—will fail,” […]