Tag: Defined Benefit
Strong Q4 Returns Propel Canadian DB Pensions to 9.1% Return in 2023
Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
Funded Levels Rose for Canadian DB Plans in 2023, But Risks Remain
Interest rates and market volatility continue to pose a significant risk for many plans.
SECURE 2.0 Cash Balance Reforms Codified by IRS
ATI to De-Risk Nearly $1.8B in Pension Obligations
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
New Jersey Police, Fire Pension Seeks CIO, Plans to ‘Dramatically’ Expand Staff
The $31 billion pension fund has also issued an RFP for a custodial services provider.
Ontario Teachers’ Pension Reports 1.9% Return for 1H 2023
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
Fully Funded Status of Canadian DB Plans Keeps Rising in Q2
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
US Corporate Pensions Rebound to Fully Funded Status
The 100 largest corporate DB plans in the U.S. saw their collective funded ratio rise to 100.7% in May.
Alaska Bill Seeks to Revive Defined Benefit Pension
Bipartisan legislation is intended to attract workers to fill state job vacancies.
Will US Public Pension Plans Ever Get Back to Full Funding?
This century has been unkind, but maybe some can squeak by with only modest improvements.