/R E P E A T/ - Media Advisory - Canadian Institute of Actuaries to Release Study on Retirement Readiness

    OTTAWA, June 12 /CNW Telbec/ - The Canadian Institute of Actuaries will
hold a news conference June 14 in Toronto to announce findings of a research
study titled, "Planning For Retirement: Are Canadians Saving Enough?", on the
financial readiness of Canadians expecting to retire in 2030.
    Sponsored by the Canadian Institute of Actuaries and conducted by the
University of Waterloo's Department of Statistics and Actuarial Science, the
study examines the retirement readiness of Canada's baby boom generation, to
assess whether those born in the early to mid-1960s are doing enough to
prepare financially for their retirement years.

    Date:         Thursday June 14, 2007

    Time:         10:00 a.m.

    Location:     InterContinental Toronto Centre Hotel
                  Ontario Room
                  225 Front Street West

    Participants: Normand Gendron, President, Canadian Institute of Actuaries
                  Steve Bonnar, Principal, Towers Perrin
                  Robert L. Brown, Professor, Department of Statistics and
                  Actuarial Science, University of Waterloo

    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

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