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How interest rates impact the financial health of defined benefit pension plans

Interest rate changes play a crucial role in determining the financial wellbeing of defined benefit (DB) pension plans.

Numerous DB plans are currently experiencing their most favorable financial positions in decades, primarily attributable to the significant increase in interest rates in recent years. However, a decline in interest rates could present a substantial risk for many of these plans.
In his latest article for Benefits Canada, TELUS Health partner in retirement and benefits solutions, Gavin Benjamin, dives into important considerations for plan sponsors when dealing with the complexities behind DB plan financials.

Click here to read the full story from the Expert Panel in Benefits Canada.