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Resources

Whitepaper – Evaluating Pension Investment Strategies: A Comparison of Top- and Bottom-Performing State Public Pension Funds to a Passive Index Portfolio

The Institute for Pension Fund Integrity released their latest whitepaper today – “Evaluating Pension Investment Strategies: A Comparison of Top- and Bottom-Performing State Public Pension Funds to a Passive Index Portfolio.” In our previous report, “Public Pension Performance: Comparing Pension Investments to Passive Index Portfolios,” we introduced a method for comparing each state’s public pension fund […]

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Pension Gap Calculator

Select your state of locality below and adjust the assumed rate of return and predicted mortality rate to see the effect of these changes upon their pension gap. Read about the Pension Gap Calculator Tool here.

State
Locality

Mortality Rate

Rate of Return

Pension Gap

Blog

Northam’s Biggest Conservation Opportunity

August 9, 2021 | By Christopher Bancroft Burnham (Richmond Times-Dispatch)

  This past spring, Maryland’s congressional delegation — supported by most of Virginia’s delegation — announced the effort to designate large swaths of the Chesapeake Bay as a National Heritage Area. Our bay’s history, cultural diversity and magnificent ecosystem — the largest of its kind in the world — deserves this, and our congressional leaders […]

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Letter from IPFI president, the Hon. Christopher Burnham, to the Hon. Glenn Hager, Comptroller of the State of Texas, on proposed law in Texas regarding money managers of the state employees’ and teachers’ pension funds

May 12, 2021

  May 10, 2021 The Honorable Glenn Hegar Comptroller of the State of Texas P.O. Box 13528 Austin, Texas 78711 Dear Comptroller Hegar, I am writing to you to share our strong concern with legislation introduced into the Texas State Senate in early March, SB-13. I am the former State Treasurer and sole fiduciary of […]

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A New Pension Model in Florida

April 23, 2021

On April 8, 2021, Florida Senate Bill 84 passed along party lines, with all Republicans voting for it and all Democrats voting against it.   Florida Senate Bill 84 essentially requires new state employees, with the exception of the Special Risk Class (police and firefighters), to join a defined contribution investment plan instead of the […]

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Core Principles
Adherence to Fiduciary Responsibility

The Institute believes that officials residing over pension funds should be held to a high degree of fiduciary responsibility, consistently making decisions on investment that will benefit the long-term growth and security of the fund. Consistent dividend yield, resistance to market flux and strong corporate credit ratings are just a few variables that must be taken into account by these individuals. Often times outside interests have pressured pension funds and other entities to divest from certain investments under political pressures, which would subject pension funds to lower financial returns. This divestment would violate a pension fund’s fiduciary responsibility.

Balanced Economic, Social, and Governance (ESG) Factor Investment

Accounting for ESG factors in investments can prove to be advantageous with greater transparency and consistently high returns. With more than 80% of all corporations releasing ESG factor reports, options are plentiful for the investment of pension funds into holdings with positive ESG outlook. ESG factors should not dictate a political agenda for guiding public investment decisions.

Long term Pension-Fund Return

When investing with pension funds and other long-term payout entities it is imperative that long-term stock stability be sought after in the investment process. Part of the responsibility of the managers of pension funds is to identify long-term, low market volatility investments that will allow for prolonged growth and a sustaining of pension budget health for years on end.

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