Westcoast
Actuaries Inc. provides diverse actuarial & consulting
services to many corporate and public sector clients.
Retirement
Income Plans & Benefit Plans
We
specialize in the design, implementation and administration of Registered
Pension Plans (RPPs), benefit plans, Group Registered Retirement
Savings Plans and Deferred Profit Sharing Plans.
We
are also experts in the designing, implementation and administration
of non-registered Supplemental Executive Retirement Plans (SERPs)
funded through Retirement Compensation Arrangements (RCAs).
Designing
Retirement Income Plans & Benefit Plans
Assess
retirement income or benefit needs, adequacy and cost parameters
Analyze
types of benefits (retirement, termination, health, disability
& death)
Advise client on funding, benefit security, financing, accounting
and administration
Prepare communication and promotional materials
Implementation
of Retirement Income Plans & Benefit Plans
Perform
actuarial costing on alternative plan designs
Draft plan text for selected design and other required documents
Prepare actuarial valuation report
Correspond with regulatory authorities concerning registration
and filing
Communicate with employees and members
Ongoing Actuarial & Consulting Services
Plan amendment (as required by plan sponsor or regulators)
Advise client on amendment and its financial and administration
implications
Prepare plan amendment
Complete federal / provincial Certificate Form and Canada
Revenue Agency T920 Form (Application To Amend A Registered
Pension Plan)
File amendment and prescribed form with Canada Revenue Agency
and federal or provincial regulator
Perform
plan experience studies
Perform actuarial costing on plan design changes and benefit improvements
Perform actuarial valuation for funding purposes
Perform actuarial valuation for accounting purposes (in accordance
with CICA Handbook Section 3461)
Handle correspondence and filing with regulators
Review and prepare Investment Policies & Guidelines
Advise client on plan governance issues
Advise client on emerging pension issues
Advise client on asset/liability matching and immunization of
funds
Advise client on settlement options for retirement benefits
