Longevity risk is the danger that we outlive our retirement savings. This involves the ensuing challenge to maintain the standard of living that we are accustomed to or afford the ever-increasing health care and retirement housing costs. Can actuaries help the public avoid this issue?
Although workplaces are changing, the need for valuable, secure pensions is not. After a quarter-century of troubling trends, the not-for-profit CAAT pension plan decided to take a leadership role to deliver a better future for Canadians, employers, and society. To do so it needed to remove the barriers to joint success.
In a newly published CIA factsheet, we delve deeper into pension commuted values.
Chris: Welcome to a special edition of Seeing Beyond Risk from the Canadian Institute of Actuaries. I’m Chris Fievoli, Staff Actuary, Communications and Public Affairs at the CIA. Today’s episode is to discuss the upcoming changes to the actuarial standard governing the calculation of pension commuted values. With me today is Gavin Benjamin, FCIA, an actuary and the Chair of the...
Ottawa, July 29, 2020 – A new report by the Canadian Institute of Actuaries (CIA) and the Society of Actuaries investigates the financial considerations of delaying Canada Pension Plan (CPP) payments and looks at the risks and opportunities associated with this delay. The CPP Take-Up Decision, authored by Bonnie-Jeanne MacDonald, FCIA, aims to better inform the decisions of Canadians for whom...