Publication archives

Final Standards – Revisions to Subsection 3540 of the Practice-Specific Standards for Pension Plans – Addressing Pension Commuted Values in Economic Environments where Bond Yields are Negative

Standards of Practice – Pensions (Effective February 1, 2022)

Explanatory Report: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2021, and Applicable to Valuations with Effective Dates on or after June 30, 2021 and no later than December 30, 2021

The Committee on Pension Plan Financial Reporting (PPFRC) issues this explanatory report to provide members with additional information and details on the analysis done for guidance issued for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, […]

Member paper: A Mathematical Model for Assessing the Impacts of Policies Related to the Funding of Pension Plans

The paper demonstrates how the model can be applied to assessing the long-term impacts of the following three funding-related measures on a pension plan: (1) an amortization rule, (2) the design of provision for adverse deviations, and (3) an investment […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2021, and Applicable to Valuations with Effective Dates on or after June 30, 2021, and no later than December 30, 2021

Balancing the need for rapid publication of guidance and completeness in documenting its development, effective June 30, 2021, the process for releasing guidance regarding assumptions for hypothetical wind-up and solvency valuations is changing as follows: • A quarterly educational note […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2021, and Applicable to Valuations with Effective Dates on or after March 31, 2021 and no later than December 30, 2021

The Committee on Pension Plan Financial Reporting (PPFRC) issues this supplement to provide members with additional information and details on the analysis done for guidance issued for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2021, […]

Exposure Draft Regarding the Determination of Pension Commuted Values in Economic Environments where Bond Yields are Negative

This exposure draft (ED) proposes changes to Section 3500 of the Standards of Practice, which applies to the actuary’s advice on the computation of commuted values with respect to pension plans. Since January 2021, yields on Government of Canada (GoC) […]

Explanatory Report: Bank of Canada Revisions to Real Return Bond Data

On May 10, 2021, the Bank of Canada revised the daily (V39057), weekly (V80691347), and monthly (V122553) rates for real return bond data from June 1, 2020, to capture the rollover of the 2050 bond, starting June 1, 2020. The […]

Population aging, implications for asset values, and impact for pensions plans: An international study

This is the capstone paper from a multi-year research agenda entitled “Population Aging, Implications for Asset Values, and Impact for Pension Plans: An International Study.” The project was performed in multiple overlapping stages, and a number of papers and presentations […]

Submission to the Department of Finance Canada on Pre-budget Consultations 2021

The Canadian Institute of Actuaries (CIA) is pleased to participate in the 2021 pre-budget consultations.  We acknowledge that the COVID-19 pandemic has absorbed the attention of the government, and will continue to do so until the virus has abated. However, […]