Publication archives
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, […]
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 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 […]
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 […]
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 […]