According to a recent study by Edward Jones, 51% of Americans aren't actively contributing to an employer-sponsored 401(k) account nor are they contributing to an IRA (only 37% do) or HSA (only 18% are). Are we just an instant gratification...

The National Institute on Retirement Security has recently published a report on the retirement outlook for Millennials, and the findings are ugly! The deeply troubling truth is that 66% of this cohort have saved nothing. According to the NIRS report,...

Governor Christie reduced the return on asset assumption (ROA) for the NJ pension system during the waning days of his administration. The reduction in the ROA from 7.65% to 7.0% was a dramatic move, as it would significantly increased contribution...

Saw a headline this morning on the Chief Investment Officer magazine website that highlighted the fact that West Coast pension plans, including WSIB, Oregon Investment Council, and SFERS were committing another $1 billion to private equity. I don't know what...

According to a recent report by RBC Wealth Management, healthcare costs will be the second biggest expense for American retirees. Regrettably, many have not done anything to prepare for this reality. RBC reports that 80% of Americans are worried about...

We've just returned from IMI's latest conference, "Spring 2018 Consultants' Retreat", and I'd like to thank them for the work that they do to support the asset/liability consulting community. KCS has benefited tremendously from the many conference providers in our...

As regular readers of this blog know, Ron Ryan and KCS are intimately involved in helping craft one of three potential implementations for the Butch Lewis Act (BLA) loan recipients. Multi-employer pensioners are already facing an uphill climb with many...

Last Thursday thousands of retirees took to the streets in protest, calling on the government to raise pensions and defend the Social Security system. This action occurred in Spain, but it could easily have unfolded in the U.S., as private...

New Jersey State Senator, Vin Gopal, is planning to introduce legislation barring the NJ pension system from investing in manufacturers of firearms and firearm ammunition. While we applaud his effort and legislative objective, given NJ's significant underfunding and the burden...

The 83 million-strong Millennial cohort are facing an uphill struggle to appropriately prepare for retirement. Despite the fact that this group is more highly educated than either the baby-boomers or Gen-Xers, they entered the workforce during the last 15 years...