Where can I find a published list of interest rates used to calculate the present value of a pension?
A full description of the methodology for interest rates used in the commuted value factors used to determine pension transfer values can be found on the Actuarial Standards Board website (www.asb-cna.ca/), under “Standards of Practice”. Section 3800 of the “Practice-Specific Standards for Pension Plans” contains the Commuted Value Standards. As you will see, the description of the methodology is very technical and not that accessible to someone not familiar with financial concepts. There is a public site posted by a CIA Member that lists the various commuted value interest rates at the following URL: www.an-actual-actuary.com under the link “Pension Plan CANSIM rates.” The CIA cannot attest to the accuracy of information provided by this site, and providing the URL does not constitute an endorsement by the CIA of this website.
Related Questions
- Where can I find a description of the basis used to calculate the lump sum present value of a pension (commuted value) that can be transferred out of a pension plan upon termination of employment?
- Where can I find a published list of interest rates used to calculate the present value of a pension?
- What Interest Rates Should Be Used for Present Value Calculations?
