BAC Journal > Watch For the IPF Retirement Blueprint
Watch For the IPF Retirement Blueprint
2022 Issue 2
Despite the historic COVID-19 pandemic, the International Pension Fund (IPF) continues on a trajectory to full funding. How soon that goal is met depends on a number of variables, including hours worked and investment returns on IPF assets. Hours for 2021 were 2 percent higher than 2020. This trend combined with higher investment returns moved the projected year IPF reaches safe status from 2028 a year ago, to 2024 at the beginning of 2022.
The graph below (right) shows IPF annual hours all the way back to the great recession, during which IPF lost 40 percent of its reported hours. This effected hourly contributions, the funding level of the plan and investment returns.