NEW YORK--(BUSINESS WIRE)--The funded status of The Segal Group’s model multi-employer pension plan (MEPP) increased by 3 percentage points to 102 percent, as noted in the graph.
“The Canadian equity market had a slightly negative quarter as the Energy and Materials sectors fell,” said Ruo Tan, President of Segal Rogerscasey Canada. “U.S. equities continued to have positive returns in Q3, supported by record high corporate earnings, strong consumer spending and the lowest unemployment rate since 1970.”
Segal also noted that there was an increase in actual hours worked year over year for all industries combined and each industry listed in the “Percentage Change” table.
“Hours continue to be strong,” said Cameron McNeill, Segal’s Canadian Business Leader, “but there is a need to be careful when projecting forward.”
To speak with a Segal Group consultant about this issue of Direction and what our model MEPP’s funded status might suggest for other MEPPs, please contact Erin Burns.
The Segal Group is a private, employee-owned consulting firm headquartered in New York and with more than 1,000 employees throughout the U.S. and Canada. Members of The Segal Group include Segal Consulting, Sibson Consulting, Segal Select Insurance Services, Inc. and Segal Marco Advisors.
