RE:RE:Air Canada subsidiary - TCCRousseau confirmed at the Wolfe Conference, past Tuesday that the pension surplus was ay $2.7B. jjwilson wrote: "REGISTERED DB PENSION PLAN, (RPP)
The Master Trust, which holds the consolidated assets of all the various registered plans, has only 10% of its holdings invested in equities (stocks). The new capital structure is dominated by fixed income instruments (bonds) that has been discussed in many previous pension reports. It is a model structure that matches pension assets to liabilities. As a result, our plans have been shielded from the turmoil experienced in equity markets. The latest update indicates that the Master Trust declined by only 1% during the first quarter of 2020. This performance ranked first among DB Pension plans in the country holding assets over $1 Billion. Excellent!
For the year 2019, performance delivered a rate of return of 13%. Excellent!
Unaudited results as of March 31, 2020 have maintained a solvency surplus over $2 Billion.