Professional Development

Montréal : Hôtel Bonaventure Montréal, 900 Rue de la Gauchetière O.


07:00 – 15:00      Registration and CIA Information Desk 

07:00 – 08:00      Hot Buffet Breakfast 

08:00 – 08:10       Opening Remarks 

June Smyth (FCIA), Chair, Organizing Committee for the 2016 Pension Seminar

08:10 – 09:25     Session 1 • Accounting Issues
Jean-François Poitras (FCIA), senior advisor, Desjardins Financial Security
Martin Boucher*, partner, national accounting consulting services, PricewaterhouseCoopers
Martin Raymond (FCIA), partner, actuarial, rewards, and analytics practice, Deloitte

The session will discuss current issues and trends for pension plan accounting and auditing, notably determination of discount rates, types of pension plan (e.g., shared-risk plans), the Public Sector Accounting Board project on employee benefits, and other hot topics.

09:25 – 10:25       Session 2 • Overview of Samoisette v. IBM Canada Ltd.
Jean-François Poitras (FCIA), senior advisor, Desjardins Financial Security
Dominique Monet*, partner, Fasken Martineau DuMoulin

Dominique Monet will discuss this important recent judgment by the Québec Superior Court on the right of a sponsor to amend a pension plan and post-retirement benefits.

10:25 – 10:45           Networking Break 

10:45 – 12:00    Session 3 • Expansion of the CPP: How much is enough?
Stephen Cheng (FCIA), managing director and senior consulting actuary, Westcoast Actuaries
Rob Brown (FCIA), retired
Bonnie-Jeanne MacDonald*, actuary and academic researcher, Dalhousie University

How much is enough retirement income? The “right” target is often cited as 70% of pre-retirement income, but does this do the job? Based on ten years of research and analysis in industry, academia, and government, Ms. MacDonald's presentation tackles the often posed but never answered question "how much is ENOUGH retirement income?".  She also uses her findings to explore the impact of CPP expansion on future Canadian seniors. Mr. Brown will also discuss the CPP expansion and its impacts.  

12:05 – 12:55          Luncheon 

13:05 – 13:50          Keynote Speaker – Dean Bergeron

Dare to dare! – The limits are only made to be overcome!
Every day, modern life brings us a share of new challenges. At the office as well as at home, we are always called to do better, faster, and with less. Why do we wait to meet these challenges and make the best of it? We all have the ability to achieve this and learn from our experiences. The keynote speaker will discuss the challenges he faced and the means that helped him to triumph.

14:00 – 14:45     Session 4 • Legal Issues Surrounding Participant Investment Decisions in Defined Contribution Plans 
June Smyth (FCIA), senior consultant actuary, Baynes & White Inc.
Natalie Bussière*, partner, Blake, Cassels & Graydon

In this session, Natalie Bussière will discuss some legal issues surrounding participant investment decisions. She will look at best practices not always followed and discuss communication materials necessary for participants to make informed decisions. She will also explore how investment options can be changed, and considerations surrounding default fund options. In addition, she will discuss requiring higher investment management fees post termination of employment. 

14:45 – 15:30     Session 5 • Ontario Ministry of Finance—Solvency Funding Review

Tulio Walles Mora (FCIA), actuary, Eckler
Jennifer Rook*, director, pension policy branch, Ontario Ministry of Finance

In this session, a representative from the Ontario Ministry of Finance will present an update on its review of the solvency funding framework for Ontario defined benefit pension plans

15:30 – 15:45          Networking Break 

15:45– 16:45    Session 6 • PPFRC and ASB Updates

Tulio Walles Mora (FCIA), actuary, Eckler
Gavin Benjamin (FCIA), senior consulting actuary, Willis Towers Watson
Simon Nelson (FCIA), consultant, Eckler

In this session, the Committee on Pension Plan Financial Reporting (PPFRC) and the Actuarial Standards Board (ASB) will provide an update on their activities during the last year and upcoming initiatives.

16:45 – 16:50         Closing Remarks

Stephen Cheng (FCIA), member, Organizing Committee for the 2016 Pension Seminar

*Not a member of the CIA.