OTTAWA, Nov. 29 /CNW Telbec/ - Michael Hale, President-elect of the
Canadian Institute of Actuaries, will present the Institute's recommendations
for strengthening Canada's Employment Insurance system in a media briefing at
11:30 a.m. on December 3, 2007.
Employment Insurance (EI) is an important social safety net for
Canadians. But, over the past 10 years, the system has accumulated a surplus
of over $54 billion, enough to run the entire program without collecting
premiums for three years. The recent Speech from the Throne indicates that the
financial governance of the EI system is on the government's radar screen, and
the Canadian Institute of Actuaries has published a report with a number of
recommendations on putting the financial governance of the system back on
Date: Monday, December 3, 2007
Time: 11:30 a.m.
Location: Charles Lynch Theatre
Centre Block, Parliament Hill
Who: Michael Hale, President-elect, Canadian Institute of Actuaries
Bruno Gagnon, Chair of the Institute's Task Force on Financing
Michel Bédard, Member of the Task Force on Financing
The panel will take questions and Msrs. Gagnon and Bédard will
be available for interviews immediately following.
The Canadian Institute of Actuaries is the national organization of the
actuarial profession. Member driven, the Institute is dedicated to serving the
public through the provision, by the profession, of actuarial services and
advice of the highest quality. Actuaries employ their specialized knowledge of
the mathematics of finance, statistics and risk theory on problems faced by
pension plans, government regulators, insurance companies (both Life and
Property/Casualty), social programs and individuals.
For further information:
For further information: Josée Racette, Communications Assistant, (613)
236-8196 ext. 107, www.actuaries.ca