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For all Pension practicioners

Educational Note – Second Revision: Selection of Mortality Assumptions for Pension Plan Actuarial Valuations

This educational note is intended to assist actuaries in the selection of appropriate mortality assumptions for pension plan valuations. The focus is on establishing best estimate mortality assumptions suitable for use in going concern valuations for funding purposes and actuarial valuations for accounting purposes when the actuary expresses an opinion on the assumptions under the terms of engagement, under sections 3200 and 3400 of the Standards of Practice, respectively.

This revised educational note has been published to take into account the recent publication of the Canadian Institute of Actuaries (CIA) final report on population mortality improvements as well as other industry developments in mortality.

This educational note reflects both the 2017 CIA MI Study and 2014 CIA Canadian Pensioner Mortality (CPM) Study as well as other industry developments in mortality and replaces the previous educational note on the Selection of mortality assumptions for pension plan actuarial valuations issued on March 27, 2014.

Should you have any questions or comments regarding it, please contact Mark Mervyn at

Announcement Number
December 21, 2017