At Morneau Shepell, we apply the expertise of our entire organization to provide an integrative approach to health, benefits, retirement, and employee assistance needs with a focus on reducing risk for our clients.
At Morneau Shepell, we have the proven expertise and the tools to successfully assess, plan and implement your health, retirement and workforce management programs for improved operational effectiveness.
With Morneau Shepell’s integrative approach and array of HR consulting, programs and administrative services we leverage the depth and breadth of our integrative services to provide the best, most cost-effective solutions.
The 2015 workplace mental health priorities report
Read what employers, employees and physician think about mental health in the workplace.
Tracking the funded status of pension plans as at October 31, 2017
This graph shows the changes in the financial position of a typical defined benefit plan with an average duration since December 31, 2016. For this illustration, assets and liabilities of the plan were each arbitrarily set at $100 million as at December 31, 2016. The estimate of the solvency liabilities reflects the new CIA guidance for valuations effective September 30, 2017 or later. The following graph shows the impact of three typical portfolios on plan assets and the effect of interest rate changes on solvency liabilities of medium duration.
The evolution of the financial situation of pension plans since December 31, 2016
Please contact your Morneau Shepell consultant for a customized analysis of your pension plan.
No consideration has been made for contributions paid to the plan or for benefits paid out of the plan.
Solvency liabilities are projected using the rates prescribed by the Canadian Institute of Actuaries (CIA) for the purpose of determining pension commuted values.
The underlying typical defined benefit plan is a final average plan with no pension indexing, including active and inactive participants representing 60% and 40% of liabilities, respectively.
Assets are shown at full market value. Returns on assets are based on three typical benchmark portfolios.