OSFI appoints new chief actuary

The Office of the Superintendent of Financial Institutions’ office of the chief actuary has appointed Assia Billig as chief actuary, effective April 15, 2019.

She will succeed Jean-Claude Ménard, who will retire in mid-April after 20 years as chief actuary.

Billig has worked in the office of the chief actuary for more than a decade, specializing in actuarial analysis of social security issues. Most recently, she led the development of the methodology that will be used to determine contribution rates for the enhanced portion of the Canada Pension Plan. She was previously a consultant at Mercer and Morneau Shepell Ltd.

Read: Latest CPP additions to cost $900 million by 2050: chief actuary

Recognized as an expert on actuarial aspects of social security programs, Billig participates in a number of committees of the International Actuarial Association and the International Social Security Association, including as a chair of the IAA population issues working group and vice-chair of the ISSA technical commission on statistical, actuarial and financial studies.

At Benefits Canada‘s Defined Contribution Plan Summit in Banff, Alta. in February, Billig spoke on a panel comparing the pension systems of Canada, Denmark, the Netherlands and Sweden. The coverage of the event will be featured in the April issue of the magazine.

Read: Pension plan administrator satisfaction with OSFI on the rise