Media Advisory - "The impact of the current financial crisis on the pension world: what can be done?"

    Canadian Institute of Actuaries President to Speak on Pension Reform in

    OTTAWA, May 20 /CNW Telbec/ - Michael Hale, President of the Canadian
Institute of Actuaries, will be speaking on pension reform as part of an
Economic Club of Canada Luncheon Panel on Thursday, May 21 in Toronto.
    The Canadian pension system, in particular the Defined Benefit pension
plan, has been challenged for many years - and the recent events have
forcefully brought home weaknesses that need both short-term and long-term
    We are at a crossroads and the financial crisis, despite all its adverse
effects, offers the perfect opportunity to improve the retirement income
system in Canada.
    To discuss the threats and opportunities in Canada's pension system, Mr.
Hale will be joined by Susan Eng, Vice President, Advocacy for the Canadian
Association for Retired Persons and Ken Georgetti, President of the Canadian
Labour Congress.

    Who:      Susan Eng, Vice President, Advocacy-CARP
              Ken Georgetti, President-Canadian Labour Congress
              Michael Hale, President-Canadian Institute of Actuaries

    Mr. Hale will be available for media comment on pension issues both prior
to and following the luncheon.

    Date:     Thursday, May 21, 2009
    Time:     11:45 a.m. to 1:30 p.m.
    Location: Stop 33
              The Sutton Place Hotel
              955 Bay Street, Toronto

    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. 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: and media interviews: Josée Racette, Project
Manager, Communications, (613) 236-8196, ext. 107

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