A pension plan has financial commitments toward its present and future retirees, mainly for the payment of retirement pensions but also benefits payable on termination and death before retirement. The value of pension plan’s financial commitments is called the « actuarial liabilities ».
The main economic factors having an impact of the actuarial liabilities are: interest rates, inflation and salary increases. You will find in the following tables the recent history of these economic factors:
The main demographic factor having an impact of the actuarial liabilities is the life expectancy of retirees. You will find in the following graphs the life expectancy of Canadians and Americans: