Solid Future Forecast for IPF

JOURNAL: ISSUE 4 - 2012

Despite construction's slower than hoped for recovery and the resulting reduction in contribution levels, the actuary to the International Pension Fund confirmed that the Fund is able to pay expected benefits and meet expected expenditures over a thirty year period commencing January 1, 2011 and running through December 31, 2040. The actuary made the 30-year projections using plan provisions, participant data, IPF financial information and expectations of industry performance to project plan solvency.