TailwindAs I recall, BCE's defined benefit plan required contributions were already in surplus over a year ago. Less money to put into the plans means more money for shareholders
>>>“Companies with large DB plans should see improved balance sheets, earnings, and cash flow,” they added. The basket of companies they analyzed included 43 companies in the index with defined-benefit plans, plus Air Canada and Bombardier. Khmelnitsky and Sangha said all companies with significant defined plans would benefit, including banks, rail companies and telcos, as well as Power Corp., SNC-Lavalin Group Inc., Bombardier and Air Canada.
https://financialpost.com/fp-finance/rising-rates-could-bring-multi-billion-dollar-windfall-to-canadian-companies-with-big-db-pension-plans