Investments, ageing and the green economy in focus for technical commission

Investments, ageing and the green economy in focus for technical commission

The Technical Commission on Investment of Social Security Funds (TC INVEST) is working on a case study on one of the four priority topics of the ISSA for the 2020-2022 triennium, namely, “Meeting the evolving needs of an ageing population”. It has also brought focus on the impact of the green economy transition on social security.

The case study is being jointly implemented with the Technical Commission on Statistical, Actuarial and Financial Studies (TC ACT) and focuses on key elements and best practices that the Canada Pension Plan (CPP) takes into consideration to establish reserve fund investment policies and perform actuarial analysis and projections. It emphasizes the importance of collaboration and information sharing to meet the respective actuarial and investment mandates, the alignment of their respective processes and the relevance of the long-term social insurance nature of the CPP and its funding.

The principles of the case study were first presented at the 20th ISSA International Conference of Social Security Actuaries, Statisticians and Investment Specialists (ACT 2022), a virtual event that was held from 28 to 31 March 2022 and co-organized by TC ACT and TC INVEST. The case study will be published in due course. TC INVEST also participated in the ACT 2022 Roundtable discussion on The impact of the COVID-19 pandemic on social security programmes that discussed the effects of the pandemic at a global level as well as on country and programme specific perspectives.

The international conference also addressed green economy considerations in the investment of social security funds, where TC INVEST facilitated a session on the Impact of green economy transition on social security programmes. TC INVEST supported various ISSA activities including the Virtual Social Security Forum for the Americas and a subsequent ISSA webinar entitled Social security, climate change and green economy considerations in the Americas.

TC INVEST Work Plan results