Media Advisory - Addressing the impending crisis of our retirement years

    The Canadian Institute of Actuaries
    presents a 10-Point Plan for Canada's Pension System

    OTTAWA, Oct. 1 /CNW Telbec/ - The numbers have been crunched and they
reveal a stark reality: 2 out 3 Quebec households may not have the required
combination of savings to adequately meet household expenses in their
retirement years.
    Mr. Normand Gendron, outgoing president of the Canadian Institute of
Actuaries and co-author of the proposed plan, will address this important
issue by presenting to the Economic Club of Canada the Institute's
recommendations for strengthening Defined Benefit Pension Plans, at St. James
Club, on October 3, 2007.
    Defined Benefit Pension Plans are a key element of the financial security
of many Canadians. But, as a result of Canada's patchwork of regulations,
legal decisions, tax rules and changes to accounting standards, weaknesses
have emerged in private sector Defined Benefit Pension Plans that threaten the
adequacy and security of Quebecers' retirement income.
    The Institute's recommendations are designed to put the future of Defined
Benefit Pension Plans back on track and improve the retirement prospects of
many Quebecers.

    Date:       Wednesday, October 3, 2007

    Time:       11:45 a.m. - 1:30 p.m.

    Place:      St. James Club
                1145 Union Street

    Speaker:    Normand Gendron, outgoing president, Canadian Institute of
                Actuaries and co-author of the CIA's plan
                Mr. Gendron will take questions following his remarks and
                will subsequently be available for interviews

For further information:

For further information: Diane Jeannotte, (514) 284-2860, (514) 772-8019

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Canadian Institute of Actuaries

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