Employer pension plans (trusteed pension funds), fourth quarter 2012
The market value of Canadian employer-sponsored pension funds totaled $1.2 trillion at the end of the fourth quarter, up 3.1% from the third quarter.
On an annual basis, the value of pension fund assets increased 9.3% in 2012, following gains of 4.3% in 2011 and 14.2% in 2010.
Pension fund investments in stocks grew 4.0% in the fourth quarter, surpassing the 3.2% gain in the value of shares on the Toronto Stock Exchange for the same period.
The value of bond holdings increased 0.9%, while investments in real estate assets grew 6.1% and foreign investments increased in value 5.7%.
Pension fund revenues grew 16.6% to $36.1 billion in the fourth quarter, the result of special year-end pension contributions by plan sponsors, and annual dividends payments from Canadian and foreign stocks.
Expenditures in the fourth quarter rose 10.3% to $16.1 billion, due in part to increased benefit payments. However, with higher fourth quarter revenues, net income increased from $16.4 billion in the third quarter to $20.1 billion at the end of the fourth quarter.
Just over six million Canadian workers are members of employer pension plans. Of this group, five million workers are members of trusteed plans. The remaining one million members with employer pension plans are managed, principally, by insurance company contracts. Data in this release refer only to trusteed plans and their pension funds.
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