Educational Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2020, and Applicable to Valuations with Effective Dates Between September 30, 2020 and December 30, 2020

The Committee on Pension Plan Financial Reporting (PPFRC) conducted its quarter-end review of group annuity pricing conditions as at September 30, 2020. It determined that a revision to its previous guidance regarding assumptions for hypothetical wind-up and solvency valuations is appropriate for non-indexed annuities, while no revision to its previous guidance for annuities fully indexed to the rate of change in the Consumer Price Index