The DB pension promise: Keeping the faith

The ultimate goal for a defined benefit (DB) pension plan sponsor is to sustain the plan and ensure there are sufficient assets to satisfy future obligations to plan members.

But DB plan sponsors are facing challenges including issues such as market volatility and interest rate risk. Does that mean that the plan members are worrying about plan solvency or wondering if their plans will be there to support them in retirement? Or is the pension promise holding strong?

RBC Dexia, in collaboration with Grant Thornton, conducted a national survey to gauge the views and perspectives of plan members in an effort to discover potential disconnect between plan sponsor realities and the expectations of the plan members:   

• Do DB members really believe the pension promise?
• How are economic circumstances impacting their perceptions?
• Are they ramping up saving in other investment vehicles to hedge their bets?
• What role does a pension plan play in attracting and retaining employees?

We reveal the perspectives of 879 plan members from across Canada in this feature report. You’ll find the results informative and helpful in understanding what your plan members are expecting and how you might evolve your plan member strategies.

For more insights, read our feature report.

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  • ▪  English version
  • ▪  French version

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