Comments on Market Events

Posted: March 9, 2020



On Monday, March 9th, 2020, stock markets plunged as panic selling ensued over fears of the COVID-19 outbreak and a price war in the oil market. Möbius Benefit Administrators Inc. wants to remind our members that your retirement pension is not dependent on market performance. Specifically, for your target benefit pension plan:


• Retirement income is based on a pre-determined target benefit formula, similar to a defined benefit plan.
• The Plan provides monthly payments for the lifetime of the pensioner and may also include survivor benefits upon death.
• Contribution rates for employer and employees are fixed or guaranteed to stay below a stated maximum.
• Retirement benefits are based on affordability and increase or are reduced depending on plan experience.
• Risk is pooled and shared amongst all plan members and amongst generations of plan members.

The Target Retirement Income Plan for the Regina Police Service has been designed to allow it to withstand short-term market disruption and volatility and ensure benefit and contribution changes are infrequent and confined to a moderate range.