Plans earn 1.9% return during the quarter
Many plan sponsors will be required to make significant special payments
Broader pension coverage, adequacy needed to help Canadians save for retirement
Next stage of pension modernization will come later this year
Bulked up plan would address would address issues of coverage, security of benefits, and cost of administration
Service aggregates risk exposure information at the plan level
Most haven’t generated enough of their own savings for retirement
More workers needed to offset exodus of retiring boomers
Government, industry and individuals urged work together to overhaul pension system
Majority view crisis as long lasting