There’s trouble brewing in the defined benefit pension space, says the Financial Post.

On the heels of a couple rosy reports from Mercer and Aon Hewitt, Canada-based bond rating agency DBRS is sounding the alarm.

Read: Top 100 pension plans post 2012 growth

Based on an examination of 461 defined-benefit plans in Canada, the U.S., Europe and Japan, the DBRS report says the aggregate funded status of these plans has hit a low point of 78.3% (a rating below 80% means plans aren’t satisfying the agency’s minimum funding threshold), says the FP article.

Read more here. Click here for Benefits Canada’s report.

Also read:

Help a client choose whether to commute his pension

Retire young with a pension