The Financial Services Regulatory Authority of Ontario (FSRA) released its Q3 2024 Solvency Report for Defined Benefit Pension Plans, indicating that the median solvency ratio remains strong at 121 percent.
This marks a two-percentage-point decline from the previous quarter’s 123 percent, breaking a seven-quarter upward trend.
Lester Wong, chief actuary, Pensions at FSRA, stated, “With inflation trending downward, potential interest rate declines could negatively impact funding levels. This serves as an important reminder for plan sponsors and administrators to stay alert, future-focused, and strategic in managing risks as market conditions evolve.”
