The Actuarial Standards Board (ASB) has established a designated group (DG) to review Part 7000 of the Standards of Practice of the Canadian Institute of Actuaries (Social Security Programs Standard or Part 7000).
The current Social Security Programs Standard came into effect on October 15, 2017, and was revised as of February 1, 2018, to maintain consistency with the other standards. This is the first full review since Part 7000 was adopted. The current review of the Social Security Programs Standard is being undertaken as part of the ASB’s normal process of reviewing and potentially updating every major segment of the Standards of Practice on approximately a quinquennial basis.