1. CIA Annual Meeting LOOKING BACK…focused on the future

2. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Janice Laird, FSA, FCIA Director Actuarial Division Registered Plans Directorate Canada Revenue Agency June 28, 2005 Janice Laird, FSA, FCIA Director Actuarial Division Registered Plans Directorate Canada Revenue Agency June 28, 2005

3. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Recurring issues and problems: - Designated Plans - PA & PSPA - Assumptions - Benefit level - Ineligible service - Transfers - Miscellaneous Recurring issues and problems: - Designated Plans - PA & PSPA - Assumptions - Benefit level - Ineligible service - Transfers - Miscellaneous

4. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Designated Plans - Regulation 8515 contribution limit - Solvency deficiency funding Designated Plans - Regulation 8515 contribution limit - Solvency deficiency funding

5. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future PAs and PSPAs - Improper calculation and reporting - Qualifying transfers PAs and PSPAs - Improper calculation and reporting - Qualifying transfers

6. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Assumptions -AIW prior to the year of valuation -8515(5)(b) Assumptions -AIW prior to the year of valuation -8515(5)(b)

7. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Benefit level -Indexed compensation -DB limit for a 1980 Controlling Shareholder -Early retirement reduction -“Greater of” benefit -Self-insured MP plan Benefit level -Indexed compensation -DB limit for a 1980 Controlling Shareholder -Early retirement reduction -“Greater of” benefit -Self-insured MP plan

8. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Ineligible service -Buy back of post-reform service -Crediting of service from prior RPP -Ineligible pre-reform service Ineligible service -Buy back of post-reform service -Crediting of service from prior RPP -Ineligible pre-reform service

9. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Transfers - Commuted value - Prescribed amount Transfers - Commuted value - Prescribed amount

10. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future Miscellaneous -Surplus retention limit -Contingency reserves -Apportionment between employers - Contributions pursuant to collective bargaining agreement Miscellaneous -Surplus retention limit -Contingency reserves -Apportionment between employers - Contributions pursuant to collective bargaining agreement

11. CIA Annual Meeting Session 2302 - Professional Conduct Issues in Pensions LOOKING BACK…focused on the future RPD – Contact Information Our Web site http://www.cra-arc.gc.ca/tax/registered/ Actuarial Division Janice Laird Vincent Cauchon (613) 990-9267(613) 990-8430 Terry KrowchukShanour Remtoulah (613) 990-8092(613) 990-8088 RPD – Contact Information Our Web site http://www.cra-arc.gc.ca/tax/registered/ Actuarial Division Janice Laird Vincent Cauchon (613) 990-9267(613) 990-8430 Terry KrowchukShanour Remtoulah (613) 990-8092(613) 990-8088