DEFINED BENEFIT PENSIONS SHOWING STRENGTH

The Mercer consulting group says defined-benefit pension plans in Canada generally ended 2017 in better financial condition – than they’ve been for most of the past decade.

And the firm says defined benefit pension plans were helped by surging stock markets – particularly in the fourth quarter.

Mercer says the median solvency ratio for its 604 pension clients in Canada was 97 per cent – meaning half of the pension plans had enough assets to cover at least 97 per cent of their obligations.

That’s an improvement from the end of 2016, when the median solvency ratio for Mercer clients was 93 per cent.

Michael Kramer

About Michael Kramer

Michael is the afternoon news anchor on the New Classical 96.3FM and hosts the program Zero to 1800.