Le Lézard
Classified in: Business
Subject: GOVERNMENT CONTRACTS

Canadian Institute of Actuaries Weighs In on Québec Pension Plan's Eligibility Age


OTTAWA, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The Canadian Institute of Actuaries (CIA) offered its insights on changes to the Québec Pension Plan (QPP) today, as part of the Government of Québec's public consultation on the plan, which takes place every six years.

Drawing on its 2019 public statement entitled Retire Later for Greater Benefits: Updating today's retirement programs for tomorrow's retirement realities, the CIA is generally supportive of the proposed changes to the eligibility age as a means by which retirees can maximize their retirement income by deferring payment of these benefits. The CIA also supports other proposed measures, such as increasing the current limit to start receiving a QPP retirement pension to age 75, and the termination of contributions after the age of 65 for those that receive a pension.

"The Québec Pension Plan must adapt to the changes expected for the work of older people. The next generation of seniors will stop working much more gradually and later than age 65. We must encourage people to receive a higher pension at an older age to be better protected against investment, inflation and longevity risks," says Michel St-Germain, FCIA and past president of the CIA, who led the CIA's group of experts that presented at the public hearing.

Read the CIA's comments on the QPP.

Read the CIA's 2019 public statement.

Media contact

Josée Gonthier
Manager, Language Services and Public Affairs
Canadian Institute of Actuaries
[email protected]
613-236-8196 ext. 106
Subscribe to our mailing list to stay up to date on CIA news and announcements!

The Canadian Institute of Actuaries (CIA) is the qualifying and governing body of the actuarial profession in Canada. We develop and uphold rigorous standards, share our risk management expertise, and advance actuarial science to improve lives in Canada and around the world. Our more than 6,000 members apply their knowledge of math, statistics, data analytics, and business in providing services and advice of the highest quality to help Canadian people and organizations face the future with confidence.

 



These press releases may also interest you

at 01:00
  Ad hoc announcement pursuant to art. 53 SIX Swiss Exchange Listing Rules MEDIA RELEASE Wyost® (denosumab) and Jubbonti® (denosumab) approved by EC for all indications of denosumab reference medicines Xgeva® and...

at 00:01
New research from Pearson (FTSE: PSON.L), the world's leading learning company, shows the massive potential of Generative AI to boost workplace productivity by helping US workers to save 78 million hours a week on the routine and repetitive tasks...

at 00:00
Signal Boosters is excited to announce our enhanced partnership to work with SureCall as a retailer and certified installer for their new SpeedLink 5G C-band enterprise signal booster. SpeedLink is the only C-band signal booster approved by Verizon...

at 00:00
The 9 Lakes Region of East Tennessee provides four seasons of natural beauty, but never more so than late spring to early summer. Warm sunny days and the explosion of flowering trees and native perennials provide the perfect backdrop for exploring,...

at 00:00
PureHD, the leader in hotel streaming, today announced its partnership with Ovation Networks Inc., a leading provider of hospitality-focused network Wi-Fi solutions and services installed at more than 1900 hotels across the United States. Through...

21 mai 2024
In the news release, NNN REIT, INC. PRICES OFFERING OF $500 MILLION OF 5.500% SENIOR UNSECURED NOTES DUE 2034, issued earlier today by NNN REIT, Inc. over PR Newswire, we have been advised by the company that there were certain typographical errors...



News published on and distributed by: