Where can I find a description of the basis used to calculate the lump sum present value of a pension (commuted value) that can be transferred out of a pension plan upon termination of employment?
A full description of the methodology for commuted value factors used to determine pension transfer values can be found on the Actuarial Standards Board website (www.asb-cna.ca/), under “Standards of Practice”. Section 3800 of the “Practice-Specific Standards for Pension Plans” contains the Commuted Value Standards.
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