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The Ontario report also calls for the province's Superintendent of Financial Services to hold discussions with the Canadian Institute of Actuaries The Use of Surplus on the greater transparency of going-concern The Alberta-British Columbia Joint Expert Panel actuarial valuations, to have the power to require tackles head on the concerns of those who argue that peer review of reports submitted, to [...] The Alberta-British Columbia panel will carry on in the future, and the regulator should recommends against a pension benefit guarantee have the authority to demand the preparation of fund on the grounds that the money required to such a report in the face of membership losses that maintain such a fund would be better employed in might not meet the 40 percent threshold but are still funding the pl [...] In the meantime, the maximum benefit • to balance the interests of past, present, and payable from the fund should be doubled in nominal future plan members; dollars, a move the Ontario commission calculates would restore the maximum purchasing power that • to ensure predictability and affordability for plan was protected when the fund was created. [...] The Alberta-British Columbia and Ontario reports include a reminder that, while regulatory law is The Purpose of Pension Regulation embodied in significant measure in pension benefits The Alberta-British Columbia and Nova Scotia legislation, the full range of legal instruments and reports articulate a view of the basic purpose of standards of professional conduct that impinges on regulatory law. [...] The Ontario report focuses a good key areas such as the rights and obligations of plan deal of attention to the need for the law to recognize sponsors and members with respect to surplus, total the different characteristics of different types of and partial plan windups, splits, and plan mergers.
Page Count:
18
Publication Date:
2010-01-01
Publisher:
C.D. Howe Institute
ISBN-10:
0888068166
ISBN-13:
9780888068163
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