On January 24, 2020, the Canadian Institute of Actuaries published revisions to its Standards of Practice which introduce changes to the calculation of commuted values. These changes will take effect by December 1, 2020.
Jared will provide an overview of:
• pension commuted values
• how commuted values are currently determined
• how commuted values would be determined under the new standard
In addition, Jared will provide commentary on considerations regarding implementation of the new standard.