Abstract:
This article seeks to contribute to greater understanding of the challenges faced by pension funds in developing countries. This paper reviews the investment decisions and strategies of two government owned pension funds in a highly politicized environment. The Government Service Insurance System (GSIS) and the Social Security System (SSS) are both government owned pension funds located in the Philippines. Interviews were conducted in 2007 with representatives from both pension funds, and other public and private sector interviewees as part of a broader research into the turbulent corporate governance landscape of the country. Feedback from reviewers: "With regards to your article, one reviewer was very complimentary; noting that your paper combined politics, history and some relevance to pensions reform around the world with an emphasis on investment. The Guest Editor for the special issue echoed these thoughts by highlighting the political issues that your paper raised." email correspondence from Victoria Rae, Publications, Palgrave MacMillan, 15 June 2009
