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OTTAWA, May 29, 2023 (GLOBE NEWSWIRE) — The Canadian Institute of Actuaries (CIA) is pleased to announce the appointments of five new members to its Board,…

Expert Panel to Make Recommendations on Teachers’ Pension Plan January 13, 2021 - 10:15 AM The province and Nova Scotia Teachers Union (NSTU) have appointed an independent three-person expert panel to recommend ways to protect and strengthen the Teachers’ Pension Plan. The plan has an unfunded liability of $1.5 billion and a funded ratio of 78.2 per cent as of Dec. 31, 2019. While there is no immediate risk the plan will be unable to meet its ongoing pension obligations, NSTU and the province, as joint parties of the plan, have a shared obligation to address the plan’s liability so tea...

  HALIFAX -- An independent three-person panel has been appointed to examine ways of strengthening the pension plan for Nova Scotia's teachers, which had a massive unfunded liability of $1.5 billion as of 2019. The province says while there is no immediate risk the plan will be unable to meet its pension obligations, it has a shared obligation with the Nova Scotia Teachers Union to address the liability issue. The teachers' pension plan is one of the largest public sector plans in the province, with 32,647 members, including 13,705 retirees and survivors, 12,979 active members and 5,963...