Blogs & Comment

How's Your Pension?

Pension fund assets aren't back to the lofty heights of yore, but they're turning the corner.

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Statistics Canada has released the latest figures on trusteed pension funds and things are starting to look brighter. Total assets at the end of the second quarter of 2009 had risen by 4.5% to $826,524,000,000 compared to the end of the first quarter of 2009. While this is still a decline of 13% from total assets of $951,728,000,000 at the end of Q2 in 2008, it does show that things are turning around. You can find tables with pension fund assets by investment category on the following Statistics Canada Daily Bulletin.
In the meantime, if you are fortunate enough to have a defined benefit plan through your company and are wondering about it’s condition, the current edition of Moneysense Magazinemay help you. In a feature on pensions, they have examined the pension plans and bankruptcy risk of Canada’s largest public companies and assigned ratings of Safe, On Alert and Danger using the over or underfunding of the plan and the Altman Z bankruptcy risk scores. This issue also ranks the top 200 Canadian and top 500 U.S. stocks and checks in on the how the people who attended last year’s week-long financial boot camp are doing.