Time to face facts

The Detroit bankruptcy ruling and the new bookkeeping rules from the Government Accounting Standards Board (GASB) could trigger a wave of changes for the US state and local pension funds this year. Government leaders struggling with budget problems, bondholders that lend money to municipalities and states, and unions that negotiate pension benefits all have to deal with the impact.

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IPE editorial provides coverage of foreign pension funds’ experiences from which we can take ideas; we can also use it to share ideas regarding new and pioneering projects.

Ivonne Forno , CEO of Laborfonds