March 13, 2020

In an effort to reduce the burden on the health care system and limit the potential for exposure to COVID19, NAV Canada and CATCA have agreed to temporarily suspend article 24.03 (b) of the collective agreement.

Recently, the Canadian Institute of Actuaries released new rules changing the way commuted values
(CV’s) are calculated. Most financial experts appear to be in agreement that the changes will reduce CV
amounts under current market conditions. The new rules are scheduled to be implemented on August
1, 2020.