Research
Canadian DB Pensions Rise 4.4% in Q4, 9.7% for 2017
Low interest rates, and a rising global economy boosted returns.
Tag: Defined Benefit Plan
NEPC: Overfunded DB Plans Rise 10%
Survey finds 19% of defined benefit plans have a funded status higher than 101%.
Research
Increased Leverage Raises Risk for Canada’s Pension Funds
Leverage of six largest funds in country has risen to 24% from 19% in 2009.
Capita to Strike over Attempt to Close Pension
Union says changes could cost some workers 70% of their retirement funds.
UK Pension Costs Hurt Salaries
Report says 53% of UK employers believe defined benefit plans negatively impact salary raises.
Newsmakers
British Airways Announces Proposals to Close NAPS Pension
Closure would protect existing benefits, but unions express “dismay and bitter disappointment.”