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Our annual salary increase pulse survey 2025 is now open. Are you still in line with these forecasts? Participate now!

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Recent News for Ontario Pension Plans and 2024 Recap

In recent months, we have monitored various activities concerning Ontario pension plans initiated by either the Financial Services Regulatory Authority of Ontario (FSRA) or Ontario’s Ministry of Finance. This bulletin summarizes publications on the following recent topics and provides a summary of FSRA’s activities in 2024.

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Salary increases for 2025: Budgets slowly declining

Average salary increase forecasts in Canada have gradually lowered over the past two years, with an average forecasted increase of 3.4% for 2025 excluding salary freezes.

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Normandin Beaudry Pension Plan Financial Position Index – Quebec Municipal and University Sector, September 30, 2024

In Q3 2024, the average pension plan’s going concern financial position remained stable. Solvency remained stable for the Previous component but deteriorated for the New component.

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general@normandin-beaudry.ca

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Montreal, QC H3B 1S6

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Toronto, ON M5H 3B7

416-285-0251

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Quebec City, QC G1M 0A2

418-634-1122