CIA Pension Seminar

1
INTRODUCTION

• Dave Dickson
• Chair of the CE Committee.
• Employee of Foresters. Large Canadian Fraternal
  which offers financial products and other
  services to its members in Canada, the US and UK.
• Toronto is our Intl head quarters from which we
  administer our N.A. business.
• Foresters has over 1 Million members.

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AGENDA

• Agenda
• CPD requirements.
• Communications.
• 2008 Processes.
• Tracking Tool.
• CE Committee Initiatives

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CPD REQUIREMENTS

• Minimum of 100 hours every 2 years.
• 24 must be structured.
• At least 12 structured must be Technical.
• Minimum of 4 hours, structured or unstructured,
  for both Professionalism and Business and
  Management skills.

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CPD REQUIREMENTS

• Filing of proof of compliance annually.
• First filing as of Dec 31, 2007 for the calendar
  years 2006 2007.

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CPD REQUIREMENTS

• Requirements apply to all members, including
  those doing only non-Canadian work.
• Also applies to Associates/Affiliates.
• Students writing exams are exempt.

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CPD REQUIREMENTS

• Exemptions allowed such as
• Not practising as an actuary.
• Retired.
• Unemployed.
• Students writing exams.

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COMMUNICATIONS

• Communications identified as key for the CE
  Committee.
• Bulletin articles.
• CPD spotlights.
• E-mail reminders.
• Meetings.

8
2008 PROCESSES

• Forms to be filed between Dec 1, 2007 and Feb
  15th 2008 for years 2006 2007.
• Secretariat and CE Committee will work with
  members who do not file.
• Exemptions can be applied for in early 2008.

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TRACKING TOOL

• Available on the members only site.
• Site is secure information backed up.
• Members are encouraged to use it.
• Convenient way to track hours.
• Better for the CIA that the tool is used.

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TRACKING TOOL

• Tracking tool stats
• Number of members who have used it through May
  14, 20071,143.
• Average number of hours per member .58.3.
• Breakdown Technical (70), Professional (9.5),
  Business (20.5).
• Structured (63.1), unstructured (36.9).

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CE COMMITTEE INITIATIVES

• CPD Home Page.
• Tracking Tool improvements.
• CIA webcasts.
• Ongoing communications.

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Skills and Knowledge Inventories (SKIs)

• AGENDA
• Background
• Process/Purpose
• Design
• Status

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SKI - Background

• Task Force was created in late 2005
• First meeting held in March 2006
• Initial focus was on the 6 existing practice
  areas as defined by the CIA
• Leaders appointed for each practice area
• Pension Bill Osenton
• Group Shannon Patershuk
• Investments Frank Grossman
• PC Cara Low
• Life Robert Mallette
• AE Guy Martel

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SKI - Process

• Each practice area within the task force has 2 or
  3 members
• These sub-groups have been in contact with
  members of each Practice Committee for
  feedback/comments
• Seek member input as much as possible
• Focus has been to be open and flexible

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SKI - Process

• Consistent format to be used for each practice
  area
• Each inventory will include
• SKI chart
• Description of knowledge levels
• Information regarding skills knowledge subjects
• Details regarding practitioner categories
• Suggested resource/reading list

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SKI - Purpose

• The SKI was developed to support Members
  Continuing Professional Development program.
• Special emphasis was placed on technical matters,
  however, the SKI should not be construed as a
  definitive description of the competencies
  required of those practicing in any given area.
• Similarly, familiarity with all of the
  information contained in the SKI is not a
  necessary condition to meet the CIAs CPD
  Qualification Standard.

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Design - Sample SKI
Table Ia Skills and Knowledge Subjects for
Various Practitioner Categories
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Sample SKI
The letter in each box indicates the level of
skills and knowledge that a Member working in a
given role should look to achieve. The level may
vary from that indicated depending on the
specific requirements of any practitioners role.
The letter codes are defined as follows Table
Ib
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Sample SKI
Table II Additional Information Regarding Skills
and Knowledge Subjects
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Sample SKI
Table III Additional Details Regarding
Practitioner Categories
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Sample SKI

• Members must decide for themselves whether
  material in reference list is relevant to their
  own development
• The list is meant to accommodate practitioners of
  various experience levels and with widely
  different development requirements
• Members are required to be familiar with the SOP
  so they are not specifically included in the
  reference list

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Sample SKI
Table IV Suggested Resources for Skills and
Knowledge Subjects
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SKI - Status

• The SKI Task Force will wind up over the next few
  months
• A recommendation will be put forth for ongoing
  revision and update of the reference lists
• The Skills and Knowledge Inventory for each of
  the 6 practice areas will be posted to the CPD
  section of the CIA website

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SKI Reference Lists

• To assist the CE Committee in keeping the
  reference lists current and relevant to CIA
  Members, we encourage practitioners to share with
  the Committee additional documents and references
  not already included.
• Please contact the CE Committee at
  spotlight_at_cia.ca with this information

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QUESTIONS