Publication archives
Submission to the Department of Finance Canada on the Strengthening Canadians’ Retirement Security Consultation
The Canadian Institute of Actuaries (CIA) is pleased to provide comments on the above-noted consultation paper published by the Department of Finance on November 6, 2020. The consultation paper covers a broad spectrum of pension plan concepts. While we have […]
Educational Note – Assumptions for Hypothetical Wind-Up and Solvency Valuations with Effective Dates on or after December 31, 2020 and no later than December 30, 2021
This educational note provides guidance on assumptions to be used for hypothetical wind-up and solvency valuations for 2021. This document replaced document 220055 This document was replaced by document 222033 This document was archived October 14, 2025
Member paper: A Comparative Analysis of PfAD Design
Several Canadian pension jurisdictions have revised their funding regulations for defined benefit pension plans in recent years, aiming to eliminate or ease the solvency funding requirement while strengthening the going-concern funding requirement by adding a provision for adverse deviation (PfAD). […]
Submission to the Financial and Consumer Services Commission New Brunswick on the CAPSA Guideline No. 7 entitled Pension Plan Funding Policy Guideline
The CIA presents the following comments on the November 2020 consultation draft of revisions to CAPSA Guideline No. 7 entitled Pension Plan Funding Policy Guideline, and on funding policies as they relate to both shared-risk plans and traditional defined benefit […]
Submission to the OSFI on Preparation of Actuarial Reports for Defined Benefit Pension Plans – Comments and addendum by the Canadian Institute of Actuaries
On December 20, 2019, OSFI issued proposed revisions to the Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans (the “Guide”). The revised Guide is being issued in draft form for pension plan stakeholders to provide […]
Submission to OSFI on Entitlement to pension while employed
The CIA provided comments on the recent InfoPensions – Issue 23 distributed by the Office of the Superintendent of Financial Institutions (OSFI) on November 27, 2020 – addressing the interpretation of the Pension Benefits Standards Act, 1985 (PBSA) regarding a member’s […]
Factsheet: Pension Commuted Values
When someone leaves a pension plan, they may be able to take a lump sum amount of money instead of receiving future pension payments from the plan – this is called their pension “commuted value.” This factsheet examines the complex […]
Second Revision to Educational Note – Setting the Accounting Discount Rate Assumption for Pension and Post-employment Benefit Plans
This educational note has been prepared by the Committee on Pension and Post-retirement Benefit Accounting Discount Rates (the committee). When preparing pension-related information for their financial statements, pension plan sponsors are responsible for the selection of the assumptions used to […]
Submission to the Direction des commissions parlementaires: Comment on Bill 68 submitted by the CIA to the Québec Committee on Public Finance
The decline of Defined Benefit (DB) plans is such that, today, fewer than 10% of Canadian private sector workers participate in them. Bill 68 aims to allow for the establishment of target benefit pension plans; a tool that could be […]
Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2020, and Applicable to Valuations with Effective Dates Between September 30, 2020 and December 30, 2020
The Committee on Pension Plan Financial Reporting (PPFRC) conducted its quarter-end review of group annuity pricing conditions as at September 30, 2020. It determined that a revision to its previous guidance regarding assumptions for hypothetical wind-up and solvency valuations is […]