OTTAWA, Feb. 25 /CNW Telbec/ - The Canadian Institute of Actuaries (CIA)
has met extensively with members of Parliament and government officials to
recommend that they: 1) adopt a series of measures to safeguard the future of
defined benefit pension plans, a key component of the country's retirement
income system; 2) take a leadership role in putting retirement savings on the
national agenda by organizing a summit of provincial and territorial ministers
responsible for pension regulation; and 3) establish an independent financial
governance structure for the Employment Insurance system.
"Tomorrow's Budget will tell us if this government truly cares about
Canadians saving for their retirement and if they plan to do something
meaningful about the out-of-control $54 billion surplus in the Employment
Insurance account," says Michael Hale, President-elect of the Canadian
Institute of Actuaries.
Michael Hale will be available for comment on Parliament Hill following
the presentation of the federal budget.
When: February 26, 2008 from 4:30 p.m. to 6:30 p.m.
Where: Railroad Room, (253-D), Centre Block, Parliament Hill and via
The Canadian Institute of Actuaries is the national organization of the
actuarial profession. The Institute is dedicated to serving the public through
the provision, by the profession, of actuarial services and advice of the
highest quality. In fact, the Institute holds the duty of the profession to
the public above the needs of the profession and its members.
For further information:
For further information: To arrange a telephone interview, please
contact: Josée Racette, Communications Assistant, (613) 236-8196 ext. 107