Keep working: Your defined-benefit pension plan is worth less after the end-of-year stock plunge

Now, fewer than half the country’s DB pension plans are fully funded

TORONTO — Two of Canada’s largest pension advisory firms say the financial health of defined benefit plans was eroded in the fourth quarter by a combination of weak stock markets and low long-term interest rates. Mercer Canada and Aon each concluded in separa… [+927 chars]
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