Description: This paper is about the looming pension crisis in Canada. Falling pension coverage, poor quality of coverage, and the shift from defined benefit plans to defined contribution plans suggest that there will still be a strong dependency on Government, but government programs are also in a weak position largely due to the well documented phenomenon of an aging population. From Actuarial Research Clearing House 1993, Vol. 3.

Description: This study examines the relationship between the administrator of a pension plan [the principal] and the actuary [the agent]. The objective is to design a contract for both the plan administrator and the actuary so that the actuary provides the appropriate level of information to the plan administrator. The study uses a simple model- one principal [the pension fund administrator] and one agent [the actuary] in a one-period model. In standard principal-agent models, working harder means higher productive output. In this model, it means more accurate information. From Actuarial Research Clearing House 1999 Vol. 1.

Description: Replacement rates have historically been a tool to determine the adequacy of retirement income to maintain an individual’s standard of living. Numerous conceptual and methodological issues lie, however, beneath its simple exterior. The purpose of this paper is to examine these underlying issues for the benefit of retirement security stakeholders, pension plan sponsors, advisors, financial product providers, and individuals planning for retirement.

Description: This report is an update to a 2014 paper related to changes in the continually evolving pension risk transfer landscape. This updated report seeks to discuss pension risk transfer in depth and identify key de-risking actions, alternatives and triggers that impact pension risk transfer strategies.

Description: This report presents a comprehensive review of recent mortality experience of uninsured private retirement plans in the United States.

Description: Essay submission on impact of COVID-19 on retirement.

Description: The Retirement Plans Experience Committee (RPEC) currently has two projects underway: ongoing mortality improvement research and beginning its update to the public pension plans mortality study.

Description: This fact sheet highlights the essential points of the 2017 Risks and Process of Retirement Survey report.

Description: Updated study of the frequency employer withdrawal from multiemployer plans in the U.S. and the numbers of plans and participants affected.

Description: Research material that developed a Liability-Driven Investment (LDI) benchmark framework.