Dal might have to dip into operating budget to make repayments into pension fund

Unless market conditions have recovered by March 2013, when Dalhousie University's temporary exemption from pension solvency requirements ends, the institution is expected to cut into its operating budget to make significant repayments into the pension fund (whose shortfall is currently estimated to be $270 million), perhaps by as much as $50 million each year. Many other Canadian universities have been affected by pension shortfalls in recent years. According to a Globe and Mail survey conducted in late 2010, more than 20 universities reported a combined pension plan solvency deficit of at least $2.59 billion. Dal News