New York City has an underlying fiscal crisis that city officials are failing to address. There is a pension debt of $64.836 billion across the city’s five different pension accounts as of January 2018. This calculation is under a 7% assumed rate of return; this rate is charitable to the fund, as a one-percent decrease […]
IPFI Applauds US Department of Labor: Fiduciary Responsibility First Priority for Fund Managers
The United States Department of Labor’s Employee Benefits Security Administration released a Field Assistance Bulletin (FAB) this week outlining their stance on the responsibilities of private investment managers. The FAB states that, “ERISA fiduciaries must always put first the economic interests of the plan in providing retirement benefits.” IPFI could not agree more. The responsibility […]
North Carolina Pension Fund: A Success Story
North Carolina hosts the financial capital of the South. With sprawling beaches and vast mountain ranges spanning the two borders, few would doubt that North Carolina is one of the most naturally picturesque places in the United States. The Tar Heel State also boasts something else that puts the mind in a tranquil place- the […]
Illinois: An Under-Publicized American Crisis
The state of Illinois has long been in the throes of an undisputable pension disaster. On the brink of bankruptcy and an abysmal credit rating, the state of Illinois looked more like a a fiscal black-hole than an American state. Illinois made it illegal in 2015 to modify the pension plans of state employees, meaning […]
The State of Connecticut: A Case Study
Boasting a median income greater than any other state in the U.S., Connecticut is a beacon of personal prosperity. Connecticut is also known for something else – something far darker, and much more daunting for future generations: an underfunded state pension system with more than $20 billion in unfunded liabilities heading into 2017. That means […]
What is the Institute for Pension Fund Integrity?
Over the past five to ten years America has seen a dangerous shift into the politicization of retirement and pension funds. With trillions of dollars and hosting the retirement accounts of millions of public employees, Pension funds are some of the most powerful investment tools in the United States. They manage the retirement accounts of […]
The Current State of the United States Pension Crisis
The United States at this time faces about $6 trillion in unfunded liabilities from pension plans. This number has increased by more than $433 billion over the past year even though the U.S. stock market has made consistent gains over that time. This is because of the ever increasing promises of benefits to state and […]
Press Release
Institute for Pension Fund Integrity (IPFI) Launches to Address the Public Pension Crisis and the Politicization of Pension Fund Management Arlington, VA – The Institute for Pension Fund Integrity (IPFI), a project which seeks to ensure that state and local leaders are held responsible for their choices in public pension investment, launched today with the […]