With the important declines in the bond and stock markets from 2021, the year 2022 was also difficult for the Bell Pension Plan, same as for other Canadian pension plans (public and private), with assets dropping by approximately 15%; on the other hand, increases in interest rates to fight inflation have also significantly reduced the plan liabilities, hence the plan solvency for 2022 should be slightly over the 112% reported for 2021. The actuarial valuation study is underway and the Pension Information Committee (PIC) detailed report for 2022 will be available in the fall as usual.
The following summary from Mercer provides you with relevant informations on the performance of Canadian pension plans at this time.