Aveos retirees will not be required to purchase an immediate life annuity from an insurer following the wind-up of the retirement plan, says a Morneau Shepell ‘News & Views.
Few companies have a funding strategy to address the impact of future costs
The discount rates used for pension plans have decreased for the fourth straight year, says Morneau Shepell’s 13th annual survey on the economic assumptions used by Canadian public companies to account for the costs of their defined benefit plans.
These are among the subjects included in the current issue of the Morneau Shepell News & Views, a monthly publication dedicated to providing insights to its clients in Canada.
Morneau Shepell at rank 480 in global ranking
Changes to the pension plan for St. John’s city councillors passed unanimously and without debate during Monday night’s council meeting.
The evolution of the financial situation of pension plans since December 31, 2007
Every year, companies must establish an expense for their defined benefit pension plans.