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2015 ended on a down note for Canadian pensions

The median solvency ratio of the pension plans of Mercer’s clients stood at 85% on December 31, 2015, down from 88% at the beginning of the year, with around nine out of 10 plans still being in solvency deficit position.

Recognizing the challenging economic conditions, some provincial governments are moving towards lessening the funding burdens for defined benefit pension plan sponsors. Quebec has made the most significant changes by moving away from a solvency-based funding target starting on January 1, 2016.

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