Description: The Canadian public health care delivery system continues to experience growing needs for increased funding. The total health care delivery system today costs Canadians $98 billion a year or about 9.7 percent of GDP. Of that total cost, 71 percent is paid by the government, which means the taxpayers. While that may pale in comparison to the costs in the U.S., it does make the Canadian system one of the five most expensive health care delivery systems in the world. While today’s cost pressures are of major concern, of even more concern are the costs being projected by many participants in the current health care debate for the period when the Baby Boom makes higher demands on the Canadian health care delivery system. Traditional projection methods, however, do not differentiate between the elderly who survive the year versus those who die as to their use of health care systems. This paper first looks at the impact that this differentiation could have on projected costs. Second, the paper looks at the impact that the wide use of Advance Directives [also called Living Wills] might have on future health care costs and some of the issues surrounding their use. From Actuarial Research Clearing House 2004, Vol. 1.

Description: This symposium provides new thought, insight and easy dialogue between many disciplines as professionals discuss the ways the aging population and changing family structures are changing retirement today. Differences between the U.S. and Canada are discussed. From the Record of the Society of Actuaries, Volume 28, No. 2, Session 143

Description: Chapter 4 review the evolution of the health care system in Canada, and how an aging population will create cost-escalation pressures on the health care system. The chapter does not address issues concerning the efficiency and efficacy of the present health care system. From Economic Security for an Aging Canadian Population, M-RS99-2.

Description: This paper models the extent of the tax dollars being lost by the government today because of Qualified Pension Plans and IRAs, and then goes on to project the extra revenue that will accrue to the government from these same pension plans when the baby boomers retire.

Description: Highlights of the 2013 Intercompany Long-Term Care Insurance (ILTCI) Conference

Description: In the past few years, SoA members and leaders have raised questions about future needs for actuarial skills, globalization of markets, and the appropriate focus of the present education system in preparing actuaries for their professional futures. As a consequence of these questions, the SoA Board of Governors set aside a major portion of its January 1994 meeting to discuss the education of actuaries, with primary consideration being given to a longer horizon than the immediate future. Chris Daykin, representing the Institute of Actuaries, reported that the Institute was incorporating fundamental changes to its basic Education and Examination [E&E] system. These changes were aimed at focusing more on fundamental principles and away from details of practice.

Description: Presented at June 1985 Spring Meeting. This session discussion is about: Changes in demographics and work forces composition, Trends towards defined contribution and flexible benefits programs, Lifestyle and attitude changes, Retiree medical care coverage.

Description: These are the Discussant Comments for the Pensions and Longevity Risk Session 5B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: A discussion of the similarities and differences in social security benefit design, indexation, and financing in Canada, the United States and other countries.

Description: Chapter 3 analyzes the sources of retirement income security within a system of three interdependent tiers of support: government, employer, and individual. Further, this chapter proposes that these three are part of a larger wealth transfer mechanism including other systems such a s health care and employment insurance. From Economic Security for an Aging Canadian Population, M-RS99-2.