CIA – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Climate change, pension super-priority law among CIA’s priorities for 2024 https://www.benefitscanada.com/pensions/governance-law/climate-change-pension-super-priority-law-among-cias-priorities-for-2024/ Thu, 25 Jan 2024 14:00:16 +0000 https://www.benefitscanada.com/?p=151103 The impacts of climate change and federal super-priority legislation on Canadian pension plans are among the issues that the Canadian Institute of Actuaries is monitoring in 2024, says Simon Nelson, a principal at Eckler Ltd. and chair of the CIA’s pension practice committee. While climate change is a consideration across all of the CIA’s practice […]

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]]> ACPM urging Ontario to remove burdensome requirements from proposed target-benefit pension framework https://www.benefitscanada.com/pensions/governance-law/acpm-urging-ontario-to-remove-burdensome-requirements-from-proposed-target-benefit-pension-framework/ Thu, 29 Jun 2023 13:00:21 +0000 https://www.benefitscanada.com/?p=140518 The Association of Canadian Pension Management is urging the Ontario government to ensure its proposed rules for multi-employer target-benefit pension plans don’t undermine existing incentives that enable employers to create and maintain workplace pension plans. In an open letter, the ACPM said it believes the provision for adverse deviation will overly restrict the ability of MEPP trustees to manage […]

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]]> More work to be done by pension plan sponsors on factoring climate into mortality, morbidity assumptions: CIA https://www.benefitscanada.com/pensions/governance-law/more-work-to-be-done-by-pension-plan-sponsors-on-factoring-climate-into-mortality-morbidity-assumptions-cia/ Tue, 31 Jan 2023 14:00:32 +0000 https://www.benefitscanada.com/?p=133198 While it’s common practice for pension plan sponsors to factor climate risk into investment strategies, there’s more work to be done on factoring climate change into mortality and morbidity assumptions, says Bernard Morency, past chair of the Canadian Institute of Actuaries’ public affairs council and co-chair of its climate change and sustainability steering committee. “As […]

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]]> Withdrawal of real return bonds could financially impact DB pension plans: CIA https://www.benefitscanada.com/canadian-investment-review/db-investments/withdrawal-of-real-return-bonds-could-financially-impact-db-pension-plans-cia/ Thu, 19 Jan 2023 14:00:27 +0000 https://www.benefitscanada.com/?p=132784 The Canadian Institute of Actuaries is urging the federal government to reconsider its cessation of real return bond issuances, citing the potential financial impacts to defined benefit pension plans. “We request not only that the decision to cease issuing real return bonds be reconsidered, but also that the annual issuance of real return bonds be […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-12/ Fri, 11 Nov 2022 14:00:35 +0000 https://www.benefitscanada.com/?p=129649 An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CUPE’s Ontario education workers striking for extended benefits, wage increases 2. Stellantis, Unifor agreement includes pension and retirement gains 3. Sounding Board: How employers can better support employees […]

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]]> CIA advising CAPSA to consider pension plan liabilities, climate disclosure in ESG risk management guideline https://www.benefitscanada.com/pensions/governance-law/cia-advising-capsa-to-consider-pension-plan-liabilities-climate-disclosure-in-esg-risk-management-guideline/ Tue, 08 Nov 2022 14:00:06 +0000 https://www.benefitscanada.com/?p=129456 The Canadian Institute of Actuaries is advising the Canadian Association of Pension Supervisory Authorities to strengthen its proposed guideline on risks related to environmental, social and governance factors, including consideration for pension plan liabilities and climate-related disclosure. In an open letter to the CAPSA, the CIA suggested including a section on how ESG factors should […]

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]]> CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions https://www.benefitscanada.com/pensions/governance-law/cia-supporting-going-concern-plus-regime-auto-features-in-albertas-private-sector-pensions/ Mon, 07 Nov 2022 14:00:53 +0000 https://www.benefitscanada.com/?p=129415 The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move towards a going-concern plus regime for defined benefit plans and the introduction of automatic features in defined contribution plans. In its response to the consultation draft, the CIA cited the benefits […]

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]]> Calculation for commuted pension values confusing to some plan members: actuary https://www.benefitscanada.com/pensions/defined-benefit-pensions/calculation-for-commuted-pension-values-confusing-to-some-plan-members-actuary/ Wed, 06 Apr 2022 13:00:52 +0000 https://www.benefitscanada.com/?p=119207 Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal day to quit their job and receive the maximum payout, says one actuary. Peter Gorham, an actuary at JDM Actuarial Expert Services Inc., says while he used to point plan […]

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]]> Top 5 HR, benefits and pension stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-and-pension-stories-of-the-week/ Fri, 01 Oct 2021 13:00:58 +0000 https://www.benefitscanada.com/?p=108415 Canada’s first National Day for Truth and Reconciliation was front of mind this week, with Benefits Canada‘s look at how employers can mark the inaugural day the most-read story. Here are the five most popular news stories of the week: How employers can mark first-ever National Day for Truth and Reconciliation New paper calls for linking […]

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]]> CIA updating guidance for pension windup, solvency valuations https://www.benefitscanada.com/pensions/governance-law/cia-updating-guidance-for-pension-windup-solvency-valuations/ Thu, 05 Aug 2021 13:00:41 +0000 https://www.benefitscanada.com/?p=105091 The Canadian Institute of Actuaries is updating its process for releasing guidance regarding assumptions for hypothetical pension windup and solvency valuations. For quarterly guidance relating to periods from March 31 to Dec. 30, June 30 to Dec. 30 and Sept. 30 to Dec. 30, an explanatory report providing supporting material will be issued after the […]

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