ACPM Supports Call for National Summit on Pensions

    TORONTO, June 3 /CNW/ - During his address to the Economic Club of
Toronto today on the subject of changes affecting Canada's retirement income
system, Claude Lamoureux, retired President and CEO of the Ontario Teachers'
Pension Plan, called for a national summit of federal and provincial Cabinet
Ministers who are responsible for pensions in Canada.
    "ACPM strongly endorses this call for a national summit on the retirement
income system," stated Scott Perkin, President of the Association of Canadian
Pension Management (ACPM). "There are a number of issues that must be
addressed and, for the sake of uniformity, it makes sense that the process
bring together all Ministers, federal and provincial, who are responsible for
pension matters," said Mr. Perkin.
    At present, the provinces of Ontario, Nova Scotia, and British Columbia
and Alberta in a joint effort, have expert commissions or panels reviewing the
pension system in their respective jurisdictions. "Once they have reported
back to their constituencies, the recommendations of these expert bodies could
naturally form the basis for meaningful discussions at a national summit of
responsible ministers," said Mr. Perkin.
    "ACPM would be more than willing to assist in making that happen,"
concluded Mr. Perkin.

    About the ACPM

    The Association of Canadian Pension Management is the informed voice of
Canadian pension plan sponsors, administrators and their allied service
    Established in 1976, the ACPM advocates for an effective and healthy
Canadian retirement income system through a non-profit organization supported
by a growing membership and a team of experienced staff and volunteer experts.
The ACPM membership represents more than 300 pension plans with assets of over
$300 billion and over 3 million plan members.
    The ACPM promotes its vision for the development of a world leading
retirement income system in Canada by championing the following principles:

    -   Clarity in legislation, regulations and retirement income

    -   Balanced consideration of other stakeholders' interests

    -   Excellence in governance and administration

For further information:

For further information: Bryan Hocking, Chief Executive Officer, ACPM,
(416) 964-1260, x.225

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Association of Canadian Pension Management

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