Publication archives

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective June 30, 2023, and Applicable to Valuations with Effective Dates on or after June 30, 2023, and no later than June 29, 2024

The PPFRC has conducted its quarter-end review of group annuity pricing conditions as at June 30, 2023, and recommended to the AGC assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after June 30, 2023 […]

Advice statement to the Ontario Ministry of Finance

The CIA submits comments to the Pension Policy Branch of Ontario’s Ministry of Finance regarding its consultation on the proposed funding framework for target benefit plans.

Educational Note: Expenses in Funding Valuations for Pension Plans

This educational note is intended to assist actuaries in the selection of appropriate assumptions regarding expenses in funding valuations of pension plans. An educational note on this subject was originally published in January 2007 and updated in September 2014 to […]

Exposure Draft to Revise Part 6000 of the Standards of Practice – Practice-Specific Standards for Post-Employment Benefit Plans

In May 2020, the Actuarial Standards Board (ASB) established a designated group (DG) to review the Standards of Practice (SOP) for Post-Employment Benefit Plans (Part 6000, hereinafter “the SOP”). A notice of intent (NOI) was issued in June 2021 with a September […]

Explanatory Report: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2023, and Applicable to Valuations with Effective Dates on or after March 31, 2023, and no later than June 29, 2024

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 May 1, 2023, (Guidance for […]

Educational Note: Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values (Other Than Subsection 3570)

The purpose of this educational note is to provide guidance to actuaries for determining commuted values for pension plans that is not covered under subsection 3570. A separate educational note has been prepared for subsection 3570. An educational note on […]

Educational Note: Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values (Subsection 3570)

The purpose of this educational note is to provide guidance to actuaries for determining commuted values for pension plans that are covered under subsection 3570. A separate educational note has been prepared for the balance of Section 3500. An educational […]

Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective March 31, 2023, and Applicable to Valuations with Effective Dates on or after March 31, 2023, and no later than June 29, 2024

The most recent guidance from the Committee on Pension Plan Financial Reporting (PPFRC) regarding assumptions for hypothetical wind-up and solvency valuations was provided in the educational note dated March 23, 2023. This guidance applied for valuations with effective dates on […]

Educational Note: Determination of Best Estimate Discount Rates for Going Concern Funding Valuations

This educational note is intended to assist actuaries in the selection of an appropriate best estimate discount rate for a going concern funding valuation of a pension plan. Educational notes on the same subject were originally issued on December 21, […]

Educational Note: Alternative Settlement Methods for Hypothetical Wind-Up and Solvency Valuations

This educational note provides guidance to actuaries who decide to use alternative settlement methods for hypothetical wind-up and solvency valuations. An educational note on this subject was originally issued on September 18, 2013 and was subsequently updated April 23, 2020. […]