Financial turbulence hits Canadian pension funds hard: Study

Extended amortization periods could help employers
||Last Updated: 02/06/2009

The current financial crisis is creating extreme uncertainty for employers with defined benefit pension plans and may result in huge increases in 2009 contribution requirements, according to a recent study.

Since August 2008, the solvency position of the typical pension plan in Canada has worsened considerably, driven primarily by decreases in asset values. As a result, Watson Wyatt's

Pension Barometer