The Baby Boomers Retirement Blog

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TORONTO (Reuters) – Canadian companies are warning the government they could go bankrupt without relief from federal pension funding standards, that are harder to meet due to the recent market sell-off, the Globe and Mail newspaper said Wednesday.

The Office of the Superintendent of Financial Institutions, which oversees about 1,400 federally regulated pension plans, confirmed that it has met with companies which are concerned the market turmoil will make it difficult to meet their pension funding requirements…

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About the author

Istvan Horvath is an author, blogger, former journalist, a passionate advocate of the Baby Boomers, and the founder of DigitalPensionCom. He is writing extensively about the Baby Boomers' retirement and pension issues. His Pension Report is an eye-opener. Visit his Baby Boomer Pension Blog for more articles. This article can be reprinted or republished provided the content and links are left intact, and the "about the author" section is included.