Tagged with: "Commuted Value"
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New Pension Mortality Table: Commuted Values Will Rise on April 1, 2027
By Pat Johnston, FCIA, FSA – GBL | Published October 1, 2026 Starting April 1, 2027, pension commuted values in Canada will be calculated using a new mortality basis: the CPM2024 mortality table with the MI-2024 mortality improvement scale. It replaces the CPM2014 table and CPM-B improvement scale that have been used as the mortality […]
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Lifetime Pension or Commuted Value? An Actuarial Analysis
Pat Johnston and Rob Easton February 19th, 2025 Lifetime Pension or Commuted Value? Members who terminate from defined benefit pension plans (DB Plans) are generally provided the choice of either: Such members often ask us at GBL “Which option is better: Lifetime Pension or Commuted Value?” This article shows how this seemingly “simple” question has […]
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