News & Updates
FSRA releases Q2 2024 Solvency Report, 2023 Report on the Funding of Defined Benefit Pension Plans
October 07, 2024
The Financial Services Regulatory Authority of Ontario (FSRA) has released its Q2 2024 Solvency Report and the 2023 Report on the Funding of Defined Benefit (DB) Pension Plans.
Key highlights include:
- Q2 2024 Solvency Report: Ontario’s pension plans reached a new milestone with the median solvency ratio hitting 123% as of June 30, 2024, up 1% from the previous quarter. This reflects the continued improvement in the financial health of pension plans across the province.
- 2023 Funding Report for DB Pension Plans: While the funded position of these plans remained stable on a going-concern basis, there was a significant improvement in solvency compared to 2022, highlighting the stronger financial footing of these plans.
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