Stephanie Kalinowski Quoted in Benefits Canada on New CAPSA Reviews to Look at Decumulation, Missing Members
Benefits Canada quoted Hicks Morley’s Stephanie Kalinowski in a July 5, 2017 article titled “New CAPSA reviews to look at decumulation, missing members.”
The article explains the review that The Canadian Association of Pension Supervisory is planning for this summer, looking into retirement projections and decumulation options for defined contribution pension plans, as well as developing guidance for plan administrators around missing members. “While the guideline currently outlines expectations for plan sponsors around providing information to plan members who are about to retire, they offer limited guidance on decumulation options” Stephanie said.
“They talk about if the plan offers a variable benefit, but they don’t outline any other expectations […]” Stephanie adds. “Some jurisdictions have taken some steps to put something in place that’s available to plan administrators, but Ontario is still looking at it.”