Solvency status of Defined Benefits Plans unchanged in Q3

FSRA has released its Q3 2021 Quarterly Estimated Solvency Report for Ontario’s Defined Benefit Pension Plans. This report is one of the supervisory tools FSRA uses to improve outcomes for pension plan beneficiaries and to proactively engage in a dialogue with plan sponsors.

The report indicates the funded positions of pension plans remained steady over the quarter after five consecutive quarters of improvement. About two thirds of plans have a solvency funded ratio exceeding 100 per cent.

Despite the stable funding level in pension plans, there was significant volatility in the capital markets during the quarter.

Plan sponsors and administrators should consider their plan’s performance and review their funding and investment policies and strategies to manage through future uncertainties.

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