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CFOs pension concerns linger • Professor shortage looming • Man. comp system in transition • Top court to review B.C. labour law • Telus-union battle heats up
|Canadian HR Reporter|Last Updated: 05/09/2005

CFOs pension concerns linger

— Many Canadian chief financial officers fear their pension headaches will not be cured anytime soon. The survey of 77 CFOs by consulting firm Watson Wyatt revealed a more pessimistic mood than last year, with 43 per cent of respondents saying underfunding problems will continue beyond the next few years. Just 20 per cent felt that way last year. “Although solvency levels are moving in the right direction, the improvement is largely due to the extra contributions that many plan sponsors have been making toward their pension deficits,” said Ian Markham of Watson Wyatt.

Professor shortage looming