Shedding light on the hidden longevity cost in Canadian pension plans

In June 2011, we published an article asking whether your pension plan had a hidden longevity cost. A new study in the U.S. is now shining a light on this issue by quantifying the previously “hidden” longevity cost.

The recently released study¹ by the Society of Actuaries’ Retirement Plans Experience Committee (RPEC) suggests that Canadian pension plans may be underestimating their accounting and going-concern liabilities by about four per cent. 

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¹ Source: Society of Actuaries, Mortality Improvement Scale BB Report, September 2012.