Exploring the Lifetime Pension Pool Design Elements

The 2019 Canadian federal budget introduced the concept of variable payment life annuities, or VPLAs, a mechanism by which pension plans could pool longevity and investment risks. To better understand how to design these types of plans, the CIA and the Society of Actuaries co-sponsored a research project to investigate the different elements of these arrangements. In this episode, FCIAs Jean-François Bégin and Barbara Sanders discuss the objectives and results of their research on VPLAs.

Read the research report.

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