Highlights From the Apples & Oranges MEPP Benchmarking Study Revealed (Online Seminar)
- Would you like to know how your pension plan’s benefit and contribution rates compare to other plans?
- Is your plan getting the biggest bang for the buck? Are your plan’s benefits top quartile, bottom quartile, or something in between?
- How efficient your pension plan’s risk profile is relative to others?
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Summary of PBI’s Seminar Revealing MEPP Benchmarks Published in Benefits and Pensions Monitor
Article written by Nisha Singh and Nellie Hua, consultants at PBI Actuarial Consultants Ltd., published in the Benefits and Pensions Monitor Online.
The average employer/employee contribution to a multi-employer pension plan is $4.26 per hour, says H. Clare Pitcher, of PBI Actuarial Consultants. Speaking at its ‘Apples & Oranges: MEPP/TBP Benchmarking Study,’ he said the range for contributions is $1.09 to $7.60 per hour. Cindy Rynne, of PBI, said the survey, its first, is designed to reveal some benchmarks for MEPPs across the country.
Please click on the link above to view the article.
Addressing Underfunded Pension Plans with Contingency Reserves
How well-funded is your pension plan? A pension plan’s funded status is an indication of its financial health. Most plans’ funded positions were adversely affected by the economic crisis of 2008 but have improved since then. This article will help you better understand pension funding deficits, what caused them, and how to avoid them moving forward.
Please click on the following link to download the PDF of the article: Addressing Underfunded Pension Plans with Contingency Reservices
Interview with Clare Pitcher on the New Brunswick Shared Risk Pension Model Published in the National Post
Seeking full disclosure on New Brunswick’s shared risk pension model
H. Clare Pitcher, Senior Consulting Actuary at PBI Actuarial Consultants Ltd., was interviewed by National Post writer Barry Critchley on his concerns about the New Brunswick shared risk pension model.
Please click on the following link or on the image above to view the article:
New Brunswick Shared Risk Plan: There’s More to the Story
Toronto, August 21, 2015 – The relatively new Government of New Brunswick Shared Risk Plan model has received a lot of attention and positive publicity over the past year, not only in New Brunswick and the rest of Canada, but also around the world. However, amidst these accolades, there are a number of significant shortcomings that have thus far not been particularly well identified, understood, or communicated.
The full story is one of broken promises, a flawed model, and misleading communication – a recipe for disaster. In a recently released report by PBI Actuarial Consultants Ltd., a number of significant and fundamental issues are identified.
You can request a summary of the report by emailing [email protected].