Defined Benefit Pension Plans
We provide a full range of consulting and actuarial services to all types of defined benefit plans including but not limited to Final Average, Career Average & Hourly (Salaried / Union). Services provided include but not limited to:
- Retirement Plan setup and design
- All required actuarial valuations – going-concern, solvency, accounting
- Accounting Entries – All entries required to be reported on the corporate balance sheet; CICA3462 (Canadian), FAS87, 88, 106, 112, 132 (US), IFRS IAS19 (new standards)
- Plan design, scenario analysis, actuarial costings
- Preparation & filing of all regulatory documents (Form 7, IIS, AIR)
- Preparation of the Statement of Investment Policy & Procedures (SIP&P)
- Investment review
- Asset / Liability modeling
- Member communications
- Plan amendment
- Plan Conversion to Capital Accumulation Plans (GrRRSP, DC Pension Plan, etc)
- Windup of pension plan
- Financial Education (plan members, pension committee)
- Full pension Administration Services
- Retirement Plan Governance (setup and management)
- Union negotiations
- Ad-hoc actuarial and retirement consulting services