Canadian Institute of Actuaries in
February released the final version
of new Canadian mortality tables
that suggests the average Canadian
woman at age 60 can now look forward
to another 29.4 years of life - an
increase of 2.7 years over the old
mortality tables. The average
60-year-old man can now expect an
additional 2.9 years of life - up to
an extra 27.3 years. The consequence
for the Dalhousie Pension Plan is an
increase in liabilities of about $25
million (7%) for the RTF and about
$40 million (5%) for the PTF."
"Our Story" on
the Dalhousie pension plan was printed in
the ADRP newsletter in the fall of 2008. It
gives the background on pension indexation
to that date.
A further posting in the March 2013
newsletter brought this story up to date to
the fall of 2012.