Pole on Retirement Applied Research

The Pole on Retirement Applied Research (PRAR) is a business unit coordinated by Finance Montréal and overseen by Denis Latulippe, Professor and Director of Université Laval’s School of Actuarial Science. The PRAR's mission is to facilitate collaboration in the industry, with a view to focusing applied research on areas that have a significant impact on financial institutions and communities. The themes for the first research phase are the following:

  • Behavioural changes in people transitioning from work to retirement
  • The combined effect of aging and early retirement on the economy
  • Past, present and desirable human resource management strategies among employers dealing with new retirement-related employee behaviours

Five research mandates have been approved to kick off PRAR’s efforts:

  • The economic consequences of aging in Québec, led by Jean-Yves Duclos, Professor in Université Laval’s Department of Economics
  • Future trends in work and retirement after 50, led by Yves Carrière, Associate Professor in Université de Montréal’s Department of Demography
  • Retirement financial preparedness and risk management, led by Pierre-Carl Michaud, Economics Professor at Université du Québec à Montréal’s School of Management (ESG UQAM)
  • Monitoring and evaluating the Voluntary Retirement Savings Plan (VRSP), led by Michel Montour, Director of Pension Plans, Régie des rentes du Québec
  • Human resource management practices for experienced workers, under the supervision of Sylvie St-Onge, Professor in HEC Montréal’s Department of Management

Finance Montréal, the Industrial Alliance Research Chair on the Economics of Demographic Change, the Régie des rentes du Québec and the Canadian government’s Mitacs program support PRAR's ongoing activities. A coordination committee oversees ARHR’s activities and direct the research mandates that are entrusted. This committee is made up of the following members:

  • Bernard Morency (President of the coordination committee), Executive Vice-President, Depositors, Strategy and Chief Operations Officer, Caisse de dépôt et placement du Québec
  • Mario Albert, Chief Executive Officer, Finance Montréal
  • René Beaudry, Partner, Normandin Beaudry
  • David Charbonneau, Senior Vice-President, Group Retirement Savings, Desjardins Financial Security
  • Robert Dumas, President, Sun Life Financial Quebec
  • Clément Gignac, Senior Vice-President and Chief Economist, Industrial Alliance
  • Michel Montour, Director of Pension Plans, Régie des rentes du Québec
  • Pierre Piché, Senior Advisor, Power Corporation of Canada
  • Roger Renaud, President, Canada, Manulife Asset Management
  • Michel St-Germain, Partner and Actuary, Mercer
  • Denis Latulippe, Professor and Director of Université Laval’s school of actuarial science and PRAR coordinator
  • Christian Rousseau, Senior Consulting Director, Investment Policy, Depositors and Strategic Initiatives, Caisse de dépôt et placement du Québec
  • Benoit Desgroseillers, Director of Talent Development, Finance Montréal

Finance Montréal intends to use the findings of researches undertaken by PRAR to highlight Québec’s expertise in the area of retirement and secure its place on the international stage as an authority in the field.