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Bombardier Inc Symbol BBD Shares Issued 2,133,526,542 Close 2022-04-25 C$ 1.36 Recent Sedar Documents View Original Document Post says Bombardier, others may reap pension benefits 2022-04-26 09:34 ET - In the News Also In the News (C-AC) Air Canada Also In the News (C-POW) Power Corp of Canada Also In the News (C-SNC) SNC-Lavalin Group Inc The Financial Post reports in its Tuesday edition that rising interest rates are causing concern across a number of sectors, but for companies with defined-benefit pension plans they may also represent a multibillion-dollar windfall. The Post's Barbara Shecter writes that is because managers of DB plans have spent the past several years working to offset the impact of low rates, which require higher upfront contributions to meet long-term obligations and avoid deficits. "This trend is now reversing, alleviating the burden on DB pension plans sponsors, particularly banks, rails, telcos, certain airlines and industrials," said Dimitry Khmelnitsky and Josh Sangha, analysts at Veritas Investment Research. They estimate that if long-term bond yields stay at current levels, there could be an aggregate surplus of $29-billion by the end of this year for a basket of companies in the S&P/TSX 60 with defined-benefit plans, plus Air Canada and Bombardier, which have DB plans but are no longer in that index. If the projection proves accurate, it would be an increase of more than 160 per cent from a combined surplus of $11-billion in 2021. Also enjoying a potential windfall are Power Corp. of Canada and SNC-Lavalin Group. 2022 Canjex Publishing Ltd. All rights reserved.