Pension crisis has CFOs reviewing plan designIn response to declining funds, some firms are reviewing pension plan design and reducing benefitsBy David Brown05/17/2004|Canadian HR Reporter|Last Updated: 11/18/2004 Most Canadian pension plans are in “crisis,” creating such financial headaches that chief financial officers are demanding plans be reviewed and in some cases changed, according to a new study. Of the 68 CFOs surveyed by Watson Wyatt and the Conference Board of Canada, 40 (59 per cent) said there is a pension crisis. Most of those (39 per cent) said the crisis is a result of cyclical factors, with the remaining 20 per cent believing the crisis will last beyond the next few years. Slumping stock markets since 2000 have left many pension plans in a deficit position without enough assets to cover projected liabilities. 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.