Publication archives
Standards of Practice – Post-Employment Benefit Plans (Effective January 1, 2023)
Explanatory Report: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2021, and Applicable to Valuations with Effective Dates on or after September 30, 2021 and no later than December 30, 2021
The Committee on Pension Plan Financial Reporting (PPFRC) is issuing this explanatory report to provide members with additional information and details on the analysis done for the guidance outlined in the educational note supplement dated October 25, 2021 (Guidance for […]
Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2021, and Applicable to Valuations with Effective Dates on or after September 30, 2021, and no later than December 30, 2021
The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at September 30, 2021, and recommended to the AGC assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after September 30, 2021 […]
Research paper: Challenges Faced by Canadian Women in the Alone Stage of Retirement
We define the “alone stage of retirement” (ASR) and present statistics regarding those living in Canada in the ASR. Among those living in the ASR, there are more women than men, and on average women tend to be poorer than […]
Advice Statement to OSFI on the Revised Section 2.7.4 of the Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans
The Canadian Institute of Actuaries (CIA) thanks OSFI for the opportunity to comment on the revised Section 2.7.4 of the aforementioned draft. We note that several concerns that were raised in our earlier communications have been addressed. We believe that […]
2020 Retirement Risk Survey – Key Findings
This report provides an overview of key results of an online survey conducted by Ipsos on behalf of the Canadian Institute of Actuaries (CIA) in 2020. Ipsos previously conducted a retirement risk survey for the CIA in 2010 with a […]
Protecting Pensioners of Traditional Defined Benefit Plans: A New Approach to Solvency Funding and Benefit Reductions on Plan Wind-up
The current system for winding up underfunded defined benefit (DB) pension plans involves dividing the segregated pension fund among all plan beneficiaries on a pro-rata basis according to the value of their pension entitlement. This means that if the available […]
Exposure Draft – Revisions to the Practice-Specific Standards for Pension (Part 3000) (clean)
The Actuarial Standards Board (ASB) has established three designated groups (DGs) to review the Standards of Practice, Part 3000. The review has been split amongst three DGs, each with a separate mandate: Mandate 1: Measurement of benefit security and fiduciary […]
Exposure Draft – Revisions to the Practice-Specific Standards for Pension (Part 3000) (redlined)
The Actuarial Standards Board (ASB) has established three designated groups (DGs) to review the Standards of Practice, Part 3000. The review has been split amongst three DGs, each with a separate mandate: Mandate 1: Measurement of benefit security and fiduciary […]