Ottawa is aiming to boost pension-fund surpluses to help offset threats to retirees' nesteggs. Finance minister Jim Flaherty is weighing the merits of allowing pension plans to increase their surpluses from the current 10 per-cent-of-value threshold to help make up for looming pension-fund shortages. The move, once finalized, could have a significant impact on commercial real estate investment activity because it would enable pension funds to accumulate more properties.
For more details, click on the link to a story in The Globe and Mail.
http://tinyurl.com/pensionstory
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