CANADA - The chief actuary has told a senate standing committee that the Canada Pension Plan (CPP) is in good health.
Superintendent of Financial Institutions Canada (OSFI) provided a brief overview of the mandate and activities of the Office
of the Chief Actuary (OCA).
He said the mandate of the OCA was to conduct statutory actuarial valuations of the CPP, the Old Age Security (OAS) program,
and other pension and benefit plans covering the federal public service, the Canadian forces, the RCMP, federally appointed
judges and Members of Parliament. Since 2001, it has also performed an annual actuarial review of the Canada Student Loans Program.
"Canada has set in place a public pension system that is expected to be sustainable and affordable well into the future in the face of changing demographic conditions," Ménard said.
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