Former Ohio State Treasurer and Other Pension Leaders Join the Advisory Board for the Institute for Pension Fund Integrity Arlington, VA – The Institute for Pension Fund Integrity (IPFI) is a non-profit that focuses on strict adherence to fiduciary duty by public pension fund leaders, keeping politics out of public pension fund management, bringing […]
IPFI Responds to Irish Divestment
On July 12 it was reported that the government of The Republic of Ireland would become the first country in the world to sell off its investments in fossil fuel companies. The divestment bill passed through the lower house of parliament with all-party support and will require the $9.3 billion National Investment Fund to sell its investments in […]
Chicago and Cook County Fact Sheet
This document provides a high-level, side-by-side comparison of the four pension funds paid into by the City of Chicago and the two pension funds paid into by Cook County, Illinois. Data is chiefly drawn from the actuarial valuation reports issued for each fund as of December 31, 2016. Across the country, public pensions have been […]
Big Apple Mistake – IPFI Responds to New York City Divestment RFI
Arlington, VA – The Institute for Pension Fund Integrity (IPFI), a non-profit organization which seeks to ensure that state and local leaders are held responsible for their choices in public pension investment, responded today to the New York City Comptroller’s request for information (RFI) regarding how to divest city pensions from energy company holdings. IPFI’s […]
New York City Pensions- What Happened?
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 […]