CIA Annual Meeting

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CIA Annual Meeting

• LOOKING BACKfocused on the future

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• Janice Laird, FSA, FCIA
• Director Actuarial Division
• Registered Plans Directorate
• Canada Revenue Agency
• June 28, 2005

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• Recurring issues and problems
• - Designated Plans
• - PA PSPA
• - Assumptions
• - Benefit level
• - Ineligible service
• - Transfers
• - Miscellaneous

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• Designated Plans
• - Regulation 8515 contribution limit
• - Solvency deficiency funding

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• PAs and PSPAs
• - Improper calculation and reporting
• - Qualifying transfers

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• Assumptions
• - AIW prior to the year of valuation
• - 8515(5)(b)

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• Benefit level
• - Indexed compensation
• - DB limit for a 1980 Controlling Shareholder
• - Early retirement reduction
• - Greater of benefit
• - Self-insured MP plan

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• Ineligible service
• - Buy back of post-reform service
• - Crediting of service from prior RPP
• - Ineligible pre-reform service

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• Transfers
• - Commuted value
• - Prescribed amount

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• Miscellaneous
• - Surplus retention limit
• - Contingency reserves
• - Apportionment between employers
• - Contributions pursuant to collective bargaining
  agreement

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• RPD Contact Information
• Our Web site
• http//www.cra-arc.gc.ca/tax/registered/
• Actuarial Division
• Janice Laird Vincent Cauchon
• [phone] [phone]
• Terry Krowchuk Shanour Remtoulah
• [phone] [phone]