Pension funding deficits more than doubled to $350 billion in five years
Survey reveals the need for solutions beyond temporary relief measures
Initial $370 million investment
Plans earn 1.9% return during the quarter
Many plan sponsors will be required to make significant special payments
Broader pension coverage, adequacy needed to help Canadians save for retirement
Next stage of pension modernization will come later this year
Bulked up plan would address would address issues of coverage, security of benefits, and cost of administration
Service aggregates risk exposure information at the plan level
Most haven’t generated enough of their own savings for retirement