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Press Releases

June 22, 2017

Think public-sector pensioners outlive those in the private sector? Think again

New results from Club Vita Canada: There are better ways to differentiate how long pensioners live – one of the most crucial: their postal code.

TORONTO, June 22, 2017 – New research on Canadian pension and post-retirement benefit plans dispels the view that public-sector pensioners live longer than their private-sector counterparts. After investigating a comprehensive set of factors to explain how long pensioners are living, Club Vita Canada – the first dedicated longevity analytics provider for Canadian pension plans and a subsidiary of Eckler Ltd. – has found that whether a pensioner worked in the public or private sector isn’t a meaningful or reliable factor. Read more ...

February 21, 2017

Canadian pensioners not living as long as expected

Ground-breaking results from Club Vita Canada reveal some DB pension plans are overestimating their liabilities

New research finds longevity for Canadian pensioners is lower than anticipated – which may actually be costing DB plan sponsors.

Canadian male pensioners are living about 1.5 years less than expected from age 65, according to the latest data from Club Vita Canada Inc. – the first dedicated longevity analytics firm for Canadian pension plans and a subsidiary of Eckler Ltd. Female pensioners are living about half a year less than expected. Read more ...

October 5, 2015

Club Vita Canada to revolutionize longevity measurement and management for pension plans

Canadians are living longer, and longevity risk has become the biggest unmanaged threat facing Canadian defined benefit (DB) pension plans. Over the past decade, DB plan sponsors have made significant strides to understand and manage their key financial risks. However, to date, plan sponsors have lacked the resources to truly understand their longevity risk. This leaves plan sponsors exposed to unforeseen costs that can threaten the financial security of both their plans and their members. Club Vita Canada Inc., officially launched today by Eckler Ltd., will build on the work already being done by the Canadian Institute of Actuaries to significantly advance the current state of Canadian pensioner longevity measurement and modelling. Read more ...

Ian Edelist FCIA FSA
Richard Brown FCIA FSA CFA