Canadian pension plans face further restructuring, survey says

November 6th, 2013

Janet McFarland of the Globe and Mail

Canadian pension plans have taken major steps to restructure because of ongoing funding problems – and a new survey suggests more change is coming. A survey of pension plans in Canada by consulting firm Aon Hewitt shows 71 per cent of pension plans in the public sector are considering requiring more contributions from members, and about one-third say they are considering reducing discretionary benefits or reducing inflation indexation.

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