1 / 20

The Pension Satellite Account in the Canadian System of National Accounts

This report outlines the structure and usefulness of the Pension Satellite Account in the Canadian pension system, including its results and implementation issues. It also discusses future developments and the impact on economic outcomes and capital markets. Analysis of pension system risk and the need for a Pension Satellite Account is examined. Key statistics on pension assets, contributions, withdrawals, and investment income are provided.

toddt
Download Presentation

The Pension Satellite Account in the Canadian System of National Accounts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Pension Satellite Account in the Canadian System of National Accounts OECD Working Party on Financial Statistics Allan Tomas Income and Expenditure Accounts Division Statistics Canada December 1, 2010

  2. Outline • Pension Satellite Account structure and the Canadian pension system • Pension Satellite Account usefulness • Pension Satellite Account results • SNA implementation issues • Future developments Statistics Canada • Statistique Canada

  3. Stock-flow matrix presentation of the pension satellite account Statistics Canada • Statistique Canada

  4. Changes in the pension system Personal saving and wealth evolution Forecasting economic outcomes Projecting tax revenue Impact on capital markets Sustainability and adequacy issues Pension system risk Usefulness of the Pension Satellite Account: Analysis Need for a Pension Satellite Account Statistics Canada • Statistique Canada

  5. Assets of Canada’s pension system, at market value Statistics Canada • Statistique Canada

  6. Pension Assets in Household Assets Statistics Canada • Statistique Canada

  7. Pension Assets as a share of Household Financial Assets Statistics Canada • Statistique Canada

  8. Government unfunded pension liabilities Statistics Canada • Statistique Canada

  9. Changes to social security strategy result in accumulation of assets Statistics Canada • Statistique Canada

  10. Contributions, by tier Statistics Canada • Statistique Canada

  11. Withdrawals, by tier Statistics Canada • Statistique Canada

  12. Changes to the Social Security Plans Statistics Canada • Statistique Canada

  13. Contributions Less Withdrawals, by tier Statistics Canada • Statistique Canada

  14. Investment Income, by tier Statistics Canada • Statistique Canada

  15. Net Inflows (Contributions + Investment Income – Withdrawals), by tier Statistics Canada • Statistique Canada

  16. Revaluations, by tier Statistics Canada • Statistique Canada

  17. Labour Income, Personal Expenditure and Pension Withdrawals -Using the Pension Account as an Analytical Tool Statistics Canada • Statistique Canada

  18. Using the Pension Account as an Analytical Tool - Statistics Canada • Statistique Canada

  19. Unfunded pension liabilities recognized in the core accounts COMPLETED Output of pension schemes COMPLETED Actuarial valuation for employer-based defined benefit plans and accrual basis for contributions BEING EVALUATED Treatment of social security plans, including actuarial valuations BEING EVALUATED Presentational issues for employer-based plans BEING EVALUATED SNA Implementation Issues Regarding Pensions Statistics Canada • Statistique Canada

  20. Future Development of the PSA • Move to a quarterly frequency • Possible extensions • Link to standard supplementary SNA tables on pensions • Defined benefit plans • Micro-macro linkages • Continue to improve accuracy & detail Statistics Canada • Statistique Canada

More Related