Initial Communication of a Promulgation of the Mortality Table Referenced in the Standards of Practice for Capitalized Value of Pension Plan Benefits for a Relationship Breakdown (Subsection 4530)

The Actuarial Standards Board (ASB) proposes to promulgate the use of the mortality rates underlying the combined 2024 Canadian Pensioner Mortality Table (CPM2024, amount weighted) along with the MI-2024 mortality improvement scale for capitalized value calculations, effective February 1, 2027. A separate initial communication in respect of the promulgation of a mortality basis for pension plans subject to Section 3500 is being published concurrently.