News & Updates
Canadian pension plan average funded ratio reaches 120% in first quarter, reports Normandin Beaudry
May 25, 2023
Normandin Beaudry’s Pension Plan Financial Position Index showed the average funded ratio of Canadian pension plans reached 120% in the first quarter of 2023.
The report also reveals that as at March 31, 2023:
- The average solvency ratio hit 111 per cent — a four per cent increase from previous reporting
- Positive returns over the quarter for key financial markets
- Decrease in discount rates on a going concern basis over the quarter, which increases the value of liabilities and current service costs
The report credits financial markets’ strong performance for these results.
Click on more information to read the full report:
