The solvency of Canadian defined-benefit pensions declined slightly in the fourth quarter, but the plans still finished the year in a far stronger position than they began it, according to a report from Mercer Canada.<\/p>\n
The DB plans in Mercer’s database finished the year with an average solvency ratio of 116%, which is down from 125% at the end of the third quarter<\/a> but up from 113% at the beginning of 2023. Mercer also noted that more plans had solvency ratios above 100% than a year ago.<\/p>\n