Canadians have made significant gains in longevity over the past century, and further gains are expected, according to an actuarial study by the Office of the Chief Actuary of Canada.
Is 2014 the dawn of a new era in pension plan de-risking?
The California Public Employees’ Retirement System board of administration has approved new demographic assumptions, which it says are designed to ensure greater sustainability and soundness of the pension fund.
While there may be challenges with people living longer, Canada isn't facing a retirement crisis, according to the Canadian Institute of Actuaries.
Longevity risks affect all plan sponsors, healthcare costs set to rise, market value of pension funds rises, Alberta proposes cuts to public sector pensions, This month in Numbers and Market Watch.
OMERS is studying the draft report by the Canadian Institute of Actuaries indicating that Canadians are living longer.
Despite medical advances that make extreme longevity possible, Canadian seniors don’t see much value in living to 120 mainly due to health concerns, according to a new CARP poll.
This summer, the Canadian Institute of Actuaries released new pension mortality tables. The tables revealed longer life expectancies than were previously provided by commonly used tables. Some of the industry reaction has focused on the longevity risk faced by DB pension plans.
New figures confirm that life expectancy in Canada has increased—a trend that, in the eyes of experts, poses a threat for the sponsors of both DB and DC plans and calls for new measures such as transferring risks to insurance companies and providing education for plan members.
Today, most plan sponsors’ contributions to their DB plans are being driven by the results of their pension plans’ solvency valuations.