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The median solvency ratio of Canadian defined benefit pension plans increased two per cent in the first quarter of 2024, according to a report by Mercer. The report, which tracks more than 450 DB pension plans, found the median solvency ratio grew to 118 per cent, as at March 29, 2024, from 116 per cent […]

  • By: Staff
  • April 4, 2024 April 4, 2024
  • 15:00
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The funded ratio of the 100 largest U.S. public defined benefit pension plans rose to 78.6 per cent as of Feb. 29, up from 77.7 per cent at the end of January, according to Milliman Inc.’s latest public pension funding index. Individually, public pension plans returned between an estimated 0.0 per cent to 3.2 per cent […]

  • By: Staff
  • April 3, 2024 April 3, 2024
  • 15:00

Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well for what has been a rapidly expanding group annuity buyout and buy-in market. “As of 2013, the group annuity market amounted to about $1 billion annually,” says Charbel Assal, senior […]

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An article detailing Ford of Canada’s transfer of $923 million in pension plan liabilities through a group annuity buyout was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week. 1. Ford Canada transferring $923 million in pension liabilities via group annuity buyout 2. AIMCo highlighting importance […]

  • By: Staff
  • March 1, 2024 February 29, 2024
  • 09:00
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Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance Co. of Canada and Desjardins Group will assume responsibility for making pension payments to 2,700 of the plan’s members, who retired on or prior to June 1, 2021. Read: GM Canada […]

  • By: Staff
  • February 22, 2024 February 21, 2024
  • 09:00

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 101.8 per cent of a plan’s accounting liabilities in November to 100.5 per cent of those liabilities in December, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and […]

  • By: Staff
  • February 15, 2024 February 14, 2024
  • 09:00

The median solvency ratio of Canadian defined benefit pension plans declined in the fourth quarter of 2023, according to reports by Mercer and Aon. Mercer’s report, which tracked more than 450 DB pension plans, found the median solvency ratio declined to 116 per cent as at Dec. 31, 2023, from its previous high of 125 […]

  • By: Staff
  • January 5, 2024 January 5, 2024
  • 09:00

U.S. public sector defined benefit pension plans that have switched to a defined contribution model have experienced negative cash flows and increased costs and employee turnover, according to a new report by the National Institute on Retirement Security. The report analyzed five public sector pension plans including those in Alaska, Michigan and West Virginia. It […]

  • By: Staff
  • December 13, 2023 December 13, 2023
  • 15:00
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The funded ratio of the 100 largest corporate defined benefit pension plans in the U.S. dipped from 104 per cent at the end of October to 103 per cent as of Nov. 30, according to Milliman Inc.’s latest public pension funding index. It found as rates fell from 6.2 per cent in October to 5.55 per cent […]

  • By: Staff
  • December 12, 2023 December 12, 2023
  • 15:00
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Interest rate levels are critically important to the financial health of defined benefit pension plans. Many DB plans are in their best financial positions in decades, largely due to the dramatic rise in interest rates over the past few years, but decreases in interest rates could pose a major risk for many plans. Changes in […]