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Canadian Pensions In Much Better Shape Than US Counterparts
(MENAFN- ValueWalk) The solvency of Canadian public and corporate defined benefit plans improved in 2017, obtaining of 97% funded status as reported by Mercer Canada. Mercer's pension health index, which covers 604 Canadian plans, showed marked improvements from September 30 with funding levels reaching 106% at the end of the fourth quarter- the ratio was up 4% from the beginning of the year.
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