24 11, 2015

Groundbreaking Construction Trades Mortality Study offers important guidance for pension plans

2015-11-24T00:32:16-08:00November 24th, 2015|Categories: Multiemployer Plans|Tags: , , |

Eckler Ltd., a leading Canadian-owned consulting and actuarial firm, has released the first in-depth analysis of Canadian pensioner mortality in construction trades' multi-employer pension plans (MEPPs). Findings from the groundbreaking Construction Trades Mortality Study can help administrators of these plans improve the mortality assumptions used in their valuations and calculate their liabilities and costs more accurately. "Life expectancy has a big impact on pension costs," says Cameron Hunter, Principal and leader of the Trusteed Plans Group at Eckler. "Canadians are living longer than previously estimated, and [...]

14 01, 2014

Will legislators allow effective defined-benefit pension plan redesign before it’s too late?

2014-01-28T22:55:04-08:00January 14th, 2014|Categories: Defined Benefit Plans|Tags: , , |

There’s little dispute that 2013 was a banner year for the sponsors of defined benefit pensions. At this time last year, almost half of DB pensions were less than 80% funded and about 15% were less than 70% funded. Today those numbers stand at 6% and 2% respectively, according to global human resources consulting firm Mercer. But the damage has been done. After more than a decade of attempting to manage massive pension deficits, many DB plan sponsors are [...]

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