Last nails in the coffin for defined benefit system?

It’s tough enough offering a defined benefit pension plan — laws and regulations shouldn’t make it more so
By Steve Bonnar
|Canadian HR Reporter|Last Updated: 11/08/2004

There are no shortage of complaints and consternation about Canada’s defined benefit (DB) pension system.

Despite good investment returns in 2003, many DB plans remain underfunded. At the same time, regulatory systems continue to add significantly to the burden of administering DB plans.

Perhaps as a result, the proportion of the workforce covered by DB plans is dropping.