Technical Advisory Committee to identify ways to foster a vibrant employment-based pension pillar in Ontario
Date: Thursday, December 9, 2021
Time: 1:00 p.m. to 3:00 p.m.
This summary sets out the key points discussed at the December 9, 2021, meeting.
Presentation on paper titled “Affordable Lifetime Pension Income for a Better Tomorrow”
The paper published by the National Institute on Ageing and the Global Risk Institute examines Dynamic Pension pools, a financial decumulation vehicle that operates on a risk-sharing principle. The Committee welcomed the authors of the paper who shared insights and answered questions.
The Committee members expressed interest on this initiative. One area of specific interest was the operationalization of this concept, specifically, how Dynamic Pension pools are going to be rolled out.
FSRA reiterated its support to Dynamic Pension pools and any other initiative focused on improving the pension sector.
Review of other agenda items
The Committee discussed various products developed in previous meetings: Pension Awareness Day, improvement of data collection and digital records. With respect to Pension Awareness Day, the Committee expressed strong support for this project that is now included in FSRA’s 2022-2023 Statement of Priorities.
The Committee received updates on two initiatives related to data collection and digital records:
- changes to the investment information summary
- collection of missing members data
Finally, the Committee discussed and provided comments on two new reports that are currently under consideration.
Conclusion of committee
The meeting concluded with thanks from the Chair to the committee members for their ideas and contributions.
|Mary Cover||C.D. Howe Institute||VC|
|David Marshall||JKM Financial||VC|
|McNeill, Cameron J.||MEBCO||VC|
|Matthias Oschinki||University of Toronto||VC|
|Uros Karadzic||Ernst & Young LLP||VC|
|Evan Howard||CAAT Pension Plan||VC|
|Bonnie-Jeanne MacDonald||National Institute on Ageing||VC|
|Barbara Sanders||Simon Fraser University||VC|
|Mitch Frazer||Torys LLP||VC|
|Sally Shen||Global Risk Institute||VC|
|James Pierlot||Blue Pier||VC|
|Marie-Josée Forcier||Normandin Beaudry||VC|
|Andrew J. Hatnay||Koskie Minsky||VC|
|Krista Teichroeb||Ministry of Finance||VC|
|David Dijong||Ministry of Finance||VC|