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Salary increases for 2024 : budgets remain high

This summer, more than 700 organizations across Canada participated in the 13th edition of Normandin Beaudry’s Salary Increase Survey. The detailed analysis conducted by our compensation specialists provides insights and trends that can be used to support strategic compensation decisions.

Normandin Beaudry Pension Plan Financial Position Index on June 30, 2023 – Quebec Municipal and University Sector

The average pension plan funded ratio changed little in Q2 2023 and year-to-date.

As at June 30, 2023, the average funded ratio of municipal and university sector pension plans is 102% for the Previous component and 119% for the New component (the components distinguish between years of service accumulated before and after January 1, 2014, for the municipal sector and January 1, 2015, for the university sector). The ratios for both plan components are at the same level as at the beginning of the quarter, up 3% and 4% respectively since the beginning of the year.