In defence of the much-maligned DB planDefined benefit plans are not dead in Canada, nor should they be put to pastureBy H. Clare Pitcher02/23/2004|Canadian HR Reporter|Last Updated: 05/20/2004 Contrary to statements appearing in recent articles in the media, the workhorse of pensions — the defined benefit plan — is not dead. It has merely been resting before once again rising to prominence on the Canadian pension scene. Furthermore, while the private pension system in Canada is far from perfect, that is no reason to throw out the baby with the bath water. Rather, I suggest we keep what’s good about the current system and replace or fix what’s not.You will always hear doom and gloom views expressed when times are tough and, make no mistake, times are tough today for pension plans in Canada with the recent prolonged investment market downturn. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.