solvency ratios – Benefits Canada.com

Ontario DB pension plans’ average solvency ratio increased to 119% in Q4 2023: FSRA

bmcgovern — Wed, 06 Mar 2024 14:00:22 +0000

The average projected solvency ratio for Ontario defined benefit pension plans was 119 per cent as of Dec. 31, 2023, up two per cent from Sept. 30, 2023, according to a new report by the Financial Services Regulatory Authority of Ontario. It found the median projected solvency ratio exceeded 100 per cent for 12 consecutive […]

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Ontario DB pension plans’ average solvency ratio increased to 117% in Q3 2023: FSRA

lbailey — Fri, 24 Nov 2023 14:00:21 +0000

The average projected solvency ratio for Ontario defined benefit pension plans increased slightly to 117 per cent in the third quarter of 2023, with more than three-quarters of plans projected to be fully funded, according to a new report by the Financial Services Regulatory Authority of Ontario. While the percentage of DB plans projected to have […]

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CFP urging Alberta government to reconsider transfer of pension risk to plan members

lbailey — Wed, 16 Nov 2022 14:00:56 +0000

The Canadian Federation of Pensioners is taking issue with some of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including a focus on transferring pension risk from plan sponsors to plan members. In its response to the provincial regulator’s consultation draft, the CFP said transferring this risk would be a significant […]

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Q1 2019: strong for Canadian DB plans

mschmit — Wed, 03 Apr 2019 06:13:30 +0000

After December 2018 wreaked havoc on the markets, ending the year on a sour note for many Canadian defined benefit pension plans, most of the damage was reversed at the beginning of 2019, according to Mercer Canada’s pension health index. The index, which represents the solvency ratio of a hypothetical plan, rose from 102 per […]

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Revisiting the commuted-value standard

mschmit — Thu, 21 Feb 2019 05:06:12 +0000

The Actuarial Standards Board is consulting on changes to key components of how the commuted value for a pension plan is calculated. The commuted-value standard is used to determine how much to pay a terminating plan member who chooses to take their pension payment as a lump sum. It’s also a key part of calculating […]

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Solvency Ratios Dip in Q2

mschmit — Thu, 06 Jul 2017 06:38:44 +0000

Aon survey shows DB plans struggling with low asset returns and poor Canadian equity performance.

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