The impacts of climate change on the long-term viability of public and private pension plans

数百万加拿大人在养老基金上的投资超过3万亿美元，他们的退休生活依赖于私人和公共养老金计划。但是，除了影响死亡率、出生率和移民模式外，气候变化还可能影响各个经济部门的增长，从而破坏公共和私人养老金计划的可行性。为了解决这些问题，Retraite quemacei将与quemacei大学和西蒙弗雷泽大学的研究人员合作，实现以下目标：(1)创建一种基于气候的方法来模拟和评估养老基金的风险（即投资、通货膨胀、人口和破产风险）；(2)培训精算师和风险管理人员，使其成为气候变化领导者，特别是在养老金领域；(3)加快在养老金风险管理实践中实施气候举措。本研究提案中提出的方法将使加拿大受益，使精算师能够评估气候风险，特别关注养老金背景。这将反过来保护数百万受益于私人和公共养老金计划的加拿大人的储蓄。它还将通过为未来退休的加拿大人减少风险和减少碳足迹的资产配置，为培训养老金和投资精算师提供适当的手段，使他们成为应对气候变化的领导者，从而有利于我们的经济。这一伙伴关系预期带来的知识转移也将通过提高对气候问题的认识，成为实施气候倡议的跳板。

With more than $3T invested in pension funds, millions of Canadians rely on private and public pension plans for their retirement. But by potentially impacting growth in various sectors of the economy, in addition to affecting mortality, natality and immigration patterns, climate change could disrupt the viability of public and private pension plans.To address these issues, Retraite Québec will work in collaboration with researchers from Université du Québec à Montréal and Simon Fraser University towards the following goals: (1) create a climate-based methodology to model and assess risk in pension funds (i.e., investment, inflation, demographic, and insolvency risks), (2) train actuaries and risk managers to become climate change leaders, especially in the pension context, and (3) accelerate the implementation of climate initiatives in pension risk management practices.The methodology put forward in this research proposal will benefit Canada by making it possible for actuaries to assess climate risk with a special focus on the pension context. This will in turn protect savings of millions of Canadians who benefit from private and public pension plans. It will also benefit our economy by providing proper means to train pension and investment actuaries to become leaders in climate change through risk reduction for future retired Canadians and asset allocation reducing our carbon footprint. The knowledge transfer expected as a result of this partnership will also serve as a springboard for the implementation of climate initiatives by raising awareness on the issues.