The financial health of Ontario's Defined Benefit pension plans improved steadily in 2021
TORONTO, Feb. 16, 2022 /CNW/ - The latest quarterly solvency report published by FSRA finds that the majority of pensions plans, 81 per cent, were more than 100 per cent fully funded, the highest level since December 2009.
While this is an encouraging sign, plan sponsors and administrators should have risk monitoring and governance strategies in place to understand how future uncertainties may affect their plans.
Solvency monitoring is one supervisory tool FSRA uses to improve outcomes for pension plan beneficiaries and to proactively engage in a dialogue with plan sponsors.
FSRA has released its Q4 2021 update on the estimated solvency ratios of Ontario's Defined Benefit pension plans.
Learn more: FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.
Del-Air Plumbing, Air Conditioning and Electric, Florida's foremost indoor comfort provider, has announced the acquisition of East Coast Air & Heat. East Coast Air & Heat is a trusted Titusville-based brand providing air conditioning and heating...
OBiO Technology (Shanghai) Corp., Ltd. (OBiO, 688238.SH), a world leading contract development and manufacturing organization for cell and gene therapy, will showcase at American Society of Gene & Cell Therapy in Maryland, USA from May 7th to 11th. 9...
SightMD Pennsylvania, a leading multi-specialty ophthalmology platform, is pleased to announce the acquisition of James Lewis, MD. Through this strategic partnership, Dr. Lewis's practice at 8380 Old York Rd Ste 110, Elkins Park, PA 19027 will expand...
Today, the Minister of Labour, Seamus O'Regan Jr., issued the following statement marking the National Day of Mourning:
"Everyone has the right to a safe, healthy and respectful workplace. This is a widely shared belief in Canada, but it is not yet...
Pomerantz LLP announces that a class action lawsuit has been filed against Lincoln National Corporation ("Lincoln National" or the "Company") . Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or...
Pomerantz LLP is investigating claims on behalf of investors of Lamb Weston Holdings, Inc. ("Lamb Weston" or the "Company") . Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. ...
