International Pension Fund Progresses Towards Full Funding

Despite the historic COVID-19 pandemic, the International Pension Fund (IPF) continues on a trajectory to full funding.

How soon that goal is met continues to depend on several variables, including hours worked and investment returns on IPF assets. The second graph below shows the Projected Funding Ratio and PPA Status. IPF is projected to reach safe status in 2029.

The first graph below right shows the IPF annual hours dating back to the Great Recession, during which IPF lost 40 percent of its reported hours. This affected hourly contributions, the funding level of the plan and the investment returns.

The Trustees are committed to the sound administration of your plan to provide the pension benefits that you earned. The plan has always paid its benefit obligation on time and remains committed to doing so in the future.