Expanded CPP – Vancouver June 2016

Posted on June 21st, 2016 by Actuarial Solutions

    For those that missed yesterday’s news, Canada’s provincial finance ministers and federal finance minister Bill Morneau met in Vancouver to hammer out a deal to expand the CPP. Politics 101 This moment again proves how little I understand about politics.  If you asked me Sunday I would have told you that I didn’t […]

The ORPP: Help Wanted

Posted on April 19th, 2016 by Actuarial Solutions

  We learned in January that Saäd Rafi, former CEO of Toronto’s 2015 Pan Am Games, is our fearless leader for the Ontario Retirement Pension Plan Administration Corporation and we pay him a comfortable $500k+.  Knowing the government it is probably $500k+++. A number of times in my commentary I have suggested that I might […]

ORPP Update: April 2016

Posted on April 19th, 2016 by Actuarial Solutions

  It has been a while since Ontario gave us some ORPP love, so my heart warmed when the April 14, 2016 news release about ORPP legislation hit my desk. The legislation covers many of the things we know: comparable plans, exempt workers, benefit levels, survivor benefits and more.  I am not going back over […]

Frederick J. Thompson, FCIA (1969), FSA (1969)

Posted on April 4th, 2016 by Actuarial Solutions

Saddened to hear that we have lost one of Canada’s most passionate actuaries, Fred Thompson, age 75, I wanted to add my story to the collection being shared. I joined Mercer in 1987 and Fred joined shortly after me.  Both of us were known to say what we thought and didn’t always consider the feelings […]

Sick Days

Posted on April 4th, 2016 by Actuarial Solutions

Last week the Globe and Mail reported “Sick Days costing Ontario school boards $1-billion a year, report says” in reference to a report from the not-for-profit School Boards’ Co-operative Inc.  I can’t easily find a copy of the report but for purposes of this commentary, but I am not sure I need it.  If any […]