OTTAWA, June 25 /CNW Telbec/ - Normand Gendron, President of the Canadian
Institute of Actuaries, will present the Institute's recommendations for
strengthening Defined Benefit Pension Plans in a luncheon speech to the
Economic Club of Toronto on June 25, 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 Canadians' 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
Date: Monday, June 25, 2007
Time: Remarks to start at approximately 12:45 p.m.
Location: The National Club
303 Bay Street
Who: Normand Gendron, President, Canadian Institute of Actuaries
Mr. Gendron will take questions following his speech and 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