Drew Campbell, senior editor of Institutional Investing in Infrastructure, and Clive Lipshitz, managing partner at Tradewind Interstate Advisors, discuss the Canadian and U.S. public pension systems and Lipshitz’s coauthored study, Public Pension Reform and the 49th Parallel: Lessons from Canada for the U.S., which was recently published in Financial Markets, Institutions & Instruments, which is available at https://ssrn.com/abstract=3646286. The interview is in two parts. Part I published in the November issue of i3 and Part II follows.

Canada’s pensions in the 1980s and early 1990s experienced some of the issues facing U.S. pensions today — are there some lessons learned U.S. plans can benefit from?