More Canadian pension plans on stronger footing, survey finds

2014-03-31T20:38:52-07:00March 31st, 2014|Categories: Defined Benefit Plans|Tags: , , , |

More than one-third of Canadian pension plans have erased their deficits and are now operating with a surplus as they benefit from higher long-term interest rates and stronger equity markets. An analysis of 275 pension plans by pension consulting firm Aon Hewitt shows the average plan is now 95.4 per cent funded as of March 27, an increase from 93 per cent at the end of 2013. A year ago, as of March 31, 2013, pension plans had average [...]