CIA President Speaks at ACPM Conference

CIA President Jacques Lafrance was among the guest speakers at Association of Canadian Pension Management’s (ACPM) National Conference, which took place in Ottawa a few weeks ago.

Speaking during a workshop on pension plan funding rules, M. Lafrance said that when prudently managed and designed, defined benefit (DB) pension plans are a viable, efficient, and appropriate alternative. He added that there was no perfect solution, but the DB promise had to be taken seriously. The CIA’s position, he said, was that changes must be made to pension legislation in order to both provide more flexible funding options and reduce the risk of pension failure.

For more on the ACPM, click here.

Canadian Institute of Actuaries/Institut canadien des actuaires