Pension Indices by TELUS Health: March 2024

Our latest Pension Indices monthly report states that during the month of March, the funded position of a typical pension plan increased on both a solvency basis and an accounting basis.

“The funded status of many pension plans improved during the first quarter of 2024, driven by increases in long-term interest rates and strong equity market performance. The healthy funded positions of most pension plans in the current environment provide great opportunities to revisit the plans’ risk profiles and consider increasing protection against financial risks, including future declines in long-term interest rates and financial market volatility going forward” says Gavin Benjamin, Partner in TELUS Health’s Retirement & Benefits Solutions team.

Click here to read the full report and learn more about the challenges and opportunities that are yet to come for pension plan sponsors and administrators.