pension surplus – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 07 May 2024 12:33:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Kodak outsourcing US$1.6TN of pension assets to maximize overfunded status https://www.benefitscanada.com/pensions/defined-benefit-pensions/kodak-outsourcing-us1-6tn-of-pension-assets-to-maximize-overfunded-status/ Wed, 06 Mar 2024 14:00:46 +0000 https://www.benefitscanada.com/?p=152633 Eastman Kodak Co. is disbanding a team that manages the firm’s US$1.6 trillion of pension investments and moving its management to Boston-based investment consulting firm NEPC. In a statement, the organization said as at Dec. 31, 2022, the fair value of plan assets was approximately $3.7 billion, with the projected benefit obligation of the plan […]

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]]> 2023 Investment Innovation Conference: The evolving role of fixed income in hedging risk, enhancing yields https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-investment-innovation-conference-the-evolving-role-of-fixed-income-in-hedging-risk-enhancing-yields/ Thu, 18 Jan 2024 12:50:23 +0000 https://www.benefitscanada.com/?p=149318 As the objectives of defined benefit pension plans have evolved, so too have institutional investors’ reasons for including fixed income allocations in a portfolio, from adding diversification and offsetting negative returns in equity to liquidity management and capital preservation, said Ashwin Gopwani, managing director and head of retirement solutions at Sun Life Capital Management, during the Canadian Investment […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-35/ Fri, 19 May 2023 13:00:33 +0000 https://www.benefitscanada.com/?p=138505 An article on how defined benefit pension plan sponsors can use a surplus was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: How DB pension plan sponsors can use surplus 2. Median solvency ratio of Ontario DB pensions rose to 115% in Q1 […]

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]]> Expert panel: How DB pension plan sponsors can use surplus https://www.benefitscanada.com/expertpanel_/gavin-benjamin/expert-panel-how-db-pension-plan-sponsors-can-use-surplus/ Tue, 16 May 2023 13:00:02 +0000 https://www.benefitscanada.com/?p=138052 In 2022, the typical defined benefit pension plan achieved an investment return of roughly negative 12 per cent. However, due to dramatic increases in bond yields and a subsequent decrease in pension liabilities, many pension plans ended 2022 with the same — or better — solvency funded level that they had at the beginning of […]

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]]> Ontario tribunal determines employer entitled to $320K pension surplus https://www.benefitscanada.com/pensions/defined-benefit-pensions/ontario-tribunal-determines-employer-entitled-to-320k-pension-surplus/ Thu, 22 Dec 2022 14:00:16 +0000 https://www.benefitscanada.com/?p=131899 The Financial Services Tribunal of Ontario has awarded an employer with a $320,000 pension surplus, despite the plan’s trust agreements’ silence as to surplus entitlement. “The requirements for an employer to receive 100 per cent of surplus are strict, but the tribunal took a practical [approach] as opposed to a narrow interpretive approach to the […]

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