National Webinar -Members Coming Back to Work after Retiring

National Webinar -Members Coming Back to Work after Retiring

May 25, 2022 1:00 PM to 2:00 PMOnline - Eastern Time Zone
Area of Interest: Pensions Format: Web

Many plans allow retired members to suspend their pensions, then return to work continue to earn a pension. These types of programs prompt administrative and actuarial questions that plans should consider while designing the policies surrounding these subsequent retirements, such as:

  • How to recalculate their benefits when they retire again? How should early retirement subsidies be reflected? How should guarantee periods be carried over?
  • What if marital status changes between the first and subsequent retirement dates?
  • Should there be a minimum threshold of time spent working before a recalculation is done or a pension is reinstated?

In this presentation, Heather Arden and Sonia Massicotte, Consultants at PBI Actuarial Consultants will discuss these questions and look at various options for plans to accommodate the new rules following changes to the Income Tax Act regarding contributions for retired members.

Who should attend: Plan administrators, plan sponsors, and Trustees.

Many plans allow retired members to suspend their pensions, then return to work continue to earn a pension. These types of programs prompt administrative and actuarial questions that plans should consider while designing the policies surrounding these subsequent retirements, such as:

          How to recalculate their benefits when they retire again? How should early retirement subsidies be reflected? How should guarantee periods be carried over?

          What if marital status changes between the first and subsequent retirement dates?

          Should there be a minimum threshold of time spent working before a recalculation is done or a pension is reinstated?

In this presentation, we will discuss these questions and look at various options for plans to accommodate the new rules following changes to the Income Tax Act regarding contributions for retired members. 

Fees and Registration
Membership TypesRegular PricePlan Sponsor Price
Regular membership$0.00 CDN$0.00 CDN
Plan Sponsor Individual Membership$0.00 CDN$0.00 CDN
Associate$0.00 CDN$0.00 CDN
Student$0.00 CDN -
Non Member$65.00 CDN$45.00 CDN
Cancellation Policy
Attending this session will allow you to earn CE credits for: The Institute of Advanced Financial Education (Advocis), Insurance of Saskatchewan, Alberta Insurance council, BC Insurance council.

SPEAKERS

Heather ArdenSonia Massicotte

Heather Arden
Senior Pension Administrator
PBI 

Heather Arden is a Senior Pension Administrator with over 25 years of industry experience specializing in defined benefit and multi-employer pension plan administration. At PBI, she is part of the administration team for five separate plans, including as the lead administrator for two divisions for one of Canada’s largest and most complex multi-divisional plans.

Heather holds a Micro-Computer Business Applications Certificate from CompuCollege, School of Business. She has successfully passed the first exam towards the Retirement Plans Associate (RPA) designation

Sonia Massicotte, LL.B.
Legal Consultant
PBI

Sonia Massicotte, lawyer and consultant at PBI, provides legal support to clients and has over 20 years of experience in the industry. She advises clients on the various legal aspects related to pension plans and employee benefits, in particular pension plan governance, drafting of plan texts, including amendments, compliance of pension plans with applicable laws, and issues relating to plan surpluses/deficits. Sonia also provides support to clients in the day-to-day administration of their pension plans.

Sonia is responsible for monitoring legislative changes and research.

Before joining PBI, she worked at Watson Wyatt for nearly 7 years. She holds a bachelor’s degree in law from Université de Montréal and has been a member of the Barreau du Québec since 2001. Sonia is also co-lecturer at UQAM in the department of legal sciences (course on old age security and retirement law).

Sonia is a member of the International Foundation of Employee Benefit Plans (IFEBP) and sits as a member of the Canadian Bar Association’s Pensions and Benefits Division Committee. She is a frequent guest speaker at industry events and conferences (including, but not limited to, those of IFEBP and ARASQ).

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