CANADA - Canada Post Corporation will be forced to double its annual contribution to its defined benefit pension plan in 2005 in an effort to tackle its growing solvency deficit.
Like many Canadian pension funds, Canada Post said declining bond yields offset strong returns in the Canadian and international equity markets, increasing the plan’s solvency deficit to CAN$1.274b...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here