OTTAWA, June 27 /CNW Telbec/ - Normand Gendron, President of the Canadian
Institute of Actuaries, will discuss the Institute's 10-point Pension
Prescription for strengthening Defined Benefit Pension Plans at a media
briefing on June 28, 2007 at the Hyatt Regency Vancouver Hotel.
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 10-point Pension Prescription, released by the Institute earlier this
week, includes recommendations designed to put the future of Defined Benefit
Pension Plans back on track and improve the retirement prospects of many
Date: Thursday, June 28, 2007
Time: 10:30 a.m.
Location: Hyatt Regency Vancouver Hotel
Stanley Room, 34th Floor
Who: Normand Gendron, President, Canadian Institute of Actuaries
James Murta, President-elect, Canadian Institute of Actuaries
Stephen Butterfield, Chair, Pension Plan Financial Reporting
Committee, Canadian Institute of Actuaries
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