Print Page

Pension Summit 2014: Time for Action

Monday April 28 2014 Sheraton Centre Toronto Hotel Toronto, Ontario

Full Agenda Available!

The full agenda for this event is now available.

Featured Speakers

Photo of Shelley Engman

Shelley Engman
Partner, Retirement Practice
Aon Hewitt

Photo of Joe Hornyak

Joe Hornyak
Executive Editor
Benefits and Pensions Monitor

Photo of Bruce R. Kennedy

Bruce R. Kennedy
Executive Director
BC Teachers' Pension Plan

Photo of Ron Mock

Ron Mock
President and Chief Executive Officer
Ontario Teachers' Pension Plan

Photo of Fabrice Morin

Fabrice Morin
Partner
McKinsey & Company

Photo of Frank Swedlove

Frank Swedlove
President
Canadian Life and Health Insurance Association

Conference Overview

Recent headlines highlight a renewed focus on pensions by governments, businesses, and employees across Canada. While they paint a bleak picture of the state of pensions, they also suggest renewed recognition by all that reform is necessary.

“Canada’s pensions need reform or face crisis, top fund manager warns”

The Globe and Mail, October 2013

How is your organization responding to the latest changes in the pension environment? A recent survey of pension plans in Canada by consulting firm Aon Hewitt showed 71 per cent of public sector plan administrators are considering requiring higher member contributions, and about one-third are considering reducing discretionary benefits or inflation indexation.

Meanwhile in the private sector, 75% of plans run by public companies had closed at least one of their plans to new members.

Many sponsors are also trying to manage risk through targeted benefit plans, hybrid plans, and by adjusting their investment strategy to balance assets and liabilities. Others are resorting to letters of credit to conserve cash.

“Canadian workplace pensions are under threat. Can we save them?”

The Globe and Mail, October 2013

Action is needed to tackle underfunding and slow growth, and plan for the aging workforce. The greatest challenges may be for organizations trying to deal with pension fund shortfalls in today’s volatile and low growth world economy.

Governments need to change policies, regulations, and legislation to ease the burden on employers, while protecting employees.

Pensions must address plan risk and future sustainability, find ways to stand by the promises made to plan members, and adjust to the needs of an aging workforce.

Individual employees and their unions must adjust their expectations and, in many cases, take greater responsibility for retirement income.

Benefit from the experiences of the experts and your public and private sector counterparts.

This event attracts leading public and private sector advisors, chief executive and chief financial officers, chief actuaries, ministers and deputy ministers, and international experts to share their thinking and discuss common issues and potential solutions.

“Pension shift puts decades of progress at risk”

The Globe and Mail, October 2013

Time is running out to make necessary changes. In the words of Ontario Premier Kathleen Wynne “People are not saving enough for retirement and if we let this go unchecked we're going to face a huge economic crisis.”

Governments, employers, and employees need to work together to solve this crisis. Among the challenges we must all address are:

Longevity—pension plans simply weren’t designed for a world where the average Canadian retires at 63 and lives to be nearly 80.

Investment Risk—with universally low interest rates, pension funds have concentrated investment in stocks, exposing them to greater risk.

Unrealistic Projections—too many funds rely on outdated mortality tables and rosy projections of future returns.

Generational Inequality—the accelerating retirement of baby boomers will skew the ratio of retirees to workers. Many fear the next generation will bear too heavy a burden, supporting their elders who failed to plan for retirement.

Lack of Flexibility—defined benefit plans have failed to adapt, or lack flexibility to cope with these challenges.

Lack of Coverage—too many retirees are unprepared and will face a dramatic loss of income.

This event will bring together a diverse group of leaders to talk frankly about what has to happen and what each must do to begin to fix these problems. Canada’s future prosperity and competitiveness may well depend on how these issues are addressed.

Building on success.

The Conference Board is Canada’s most respected independent research and conference development organization. Conference Board events attract top private and public sector thought leaders and provide an insightful and enlightening learning experience for participants.

Sponsor

We’d like to thank our generous sponsor for their contribution to this event.

Aon Hewitt logo


Sun Life Financial Inc. logo


The Standard Life Assurance Company of Canada logo


 Vitech Systems Group, Inc. logo


Marketing Partner

Benefits and Pensions Monitor logo


The Canadian Federation of Pensioners logo



The details of this event are subject to change. Please revisit this page periodically for updated information.

Image of the HCRM agenda cover The full agenda for this event is now available!

Message from the
Program Developer

John Brewer

Meet other pension leaders and hear how they’re adjusting to the new normal.

Attend 2 events and save!

Register for both the Pension Summit and Generations 2014 to save big on registration for yourself or a colleague!

2012 Events

Our last Pension Summits took place took place in the Spring of 2012 in Toronto and Calgary. 

Social Media

#CBoCPension
Twitter @CBoC_Events

Sponsor this event!

Don’t miss this chance to showcase your organization to some of the top leaders in the country. To learn more about exhibiting, reception and luncheon sponsorship, and exclusive sponsor benefits, please contact Rhonda Bradbury at (416) 481-1904 or bradbury@conferenceboard.ca.

View Our Sponsors’ Websites

Aon Hewitt
Sun Life Financial Inc.
The Standard Life Assurance Company of Canada
Vitech Systems Group, Inc.

Marketing Partner

Benefits and Pensions Monitor
The Canadian Federation of Pensioners
Pension Summit 2014: Time for ActionSheraton Centre Toronto HotelTorontoOntario