Media Advisory - Canada's actuaries tell governments that the reform of the
Canadian pension system needs to go deep

    
    Canadian Institute of Actuaries President to launch new Pension Reform
    position in Toronto
    

OTTAWA , Nov. 2 /CNW Telbec/ - Robert Howard , President of the Canadian Institute of Actuaries, will introduce the Institute's new pension position titled, "Retooling Canada's Ailing Pension System Now, For The Future," at an Economic Club of Canada luncheon on Tuesday, November 3 in Toronto .

"A healthy pension system is critical to the country. Millions of Canadians are not saving enough for their independent retirement, and those who are have seen the value of their RRSPs and Defined Contribution pension plans melt away in the current financial crisis. Large funding deficits have emerged in most pension plans and pensioners and workers with firms that are facing bankruptcy are coping with having their pension benefits reduced. The Canadian pension system needs to be retooled, and now," says the Institute's President, Robert Howard .

Mr. Howard will be available for media interviews on pension issues following the luncheon.

    
    Date:      Tuesday, November 3, 2009
    Time:      11:45 a.m. to 1:30 p.m.
    Location:  InterContinental Hotel
               225 Front Street West, Toronto
    

The Canadian Institute of Actuaries is the national organization of the actuarial profession. The Institute is dedicated to serving the public through the provision, by the profession, of actuarial services and advice of the highest quality. In fact, the Institute holds the duty of the profession to the public above the needs of the profession and its members.

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.

actuaries.ca

For further information: For more information or to set up interviews: Josée Racette, [phone] ext.107