Jan 02, 2014
By Michael Kramer
A big consulting firm’s estimate shows almost 40 percent of Canadian pension plans were fully funded at the end of 2013.
Mercer says that figure is up from just 6 percent at the start of last year.
The consulting company says the health of pension plans has improved to the best level in more than 10 years in the 4th quarter – and that’s because of strong stock markets and rising long – term interest rates.