The Office of the Chief Actuary (OCA) has established a panel of actuaries to review the 23rd Actuarial Report on the Canada Pension Plan. Produced every three years, the report is considered by the federal and provincial ministers of finance when reviewing and making recommendations on the Canada Pension Plan (CPP).
The panel is comprised of chair Mark Campbell, a member of the Actuarial Standards Board of the Canadian Institute of Actuaries (CIA) and previous reviewer of the report, Patrick Flanagan, director of the board of the CIA, and Thomas Levy, vice-chairperson, Practice (Standards) Council of the CIA.
“This review further enhances the transparency of the CPP report and will contribute to the continued success of the process,” says Canada’s chief actuary, Jean-Claude Menard. “The most stringent standards and international best practices are applied during the independent review, which exemplifies the importance, care and attention applied to the actuarial work produced by our office.”
Parliamentary tabling of the report is expected to take place before year-end. The panel will then have three months to perform the review and prepare a report. Previous reports and reviews are available at www.osfi-bsif.gc.ca.