Variable payment life annuities and the impact of gender identity on actuarial standards are among the issues the Canadian Institute of Actuaries is monitoring in 2025, says Simon Nelson, a principal at Eckler Ltd. and chair of the CIA’s pension practice committee. A CIA task force on VPLAs will present its findings early this year, […]
An article on legal challenges filed against the federal government’s hybrid work mandate for public service employees was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Unions representing federal public service workers file legal challenges against hybrid work mandate 2. Expert […]
One of the many consequences of the coronavirus pandemic was an unprecedented interest in the life expectancy of Canadians. While the increased focus on life expectancy seemed to wane once the worst of the pandemic had passed, a recent report by the Canadian Institute of Actuaries on mortality improvements has brought the topic of life […]
Life expectancy has risen continually since 2000 for both male and female old-age security beneficiaries, according to a new fact sheet from the Office of the Superintendent of Financial Institutions. Life expectancy has increased for male beneficiaries aged 65, 75 and 85 to 19.2 years, 12 years and 6.4 years in 2016 from 16.5 years, 10 […]
The Canadian Institute of Actuaries has published a new mortality improvement scale as part of an effort to better reflect Canadians’ increased longevity and harmonize actuarial work in the pension and life insurance industries. The organization put together a task force to look into mortality improvement last year and, following a consultation process, issued a report in September. The report provided […]