Please get your mind out of the gutter. The stripping activity to which we refer relates to the stripping of U.S. Treasury bonds, and it may be an indication that asset/liability management (ALM) is on the rise, particularly with regard...

Thank you, once again, to the folks at Asset.tv for their invitation to participate in a Masterclass on retirement income. I learned a great deal from my fellow panelists, and I suspect that you will, too. As always, please don't...

There are 4.6 million participants in company-sponsored retirement plans managed by the Vanguard organization, and 72% of them have some exposure to target date funds (TDF). This is great news for individuals and the retirement industry, as it removes an...

Managing a defined benefit (DB) plan has never been easy, but it used to be simpler. Why? The true objective of a pension plan should be to meet the promised benefits at the lowest cost and with manageable risk. This...

Why are we supporting so vigorously the Butch Lewis Act? Primarily because we are fearful that hardworking participants in failing multiemployer plans will not receive the benefits that they earned through their hard work and years of dedicated service. In...

The U.S. Federal Reserve's annual report on the Economic Well-being of U.S. Households has been released for 2017. There are many areas covered in this report, including retirement readiness. Within the retirement section, the report highlights retirement savings, financial literacy,...

The U.S. Federal Reserve is out with their annual update on the financial well-being of U.S. Households. There is a ton of very useful information in the more than 50-page report, but one particular item jumped out at me, which...

At KCS, we applaud any entity that provides their employees with a retirement vehicle! However, as we've written many times, we would prefer a defined benefit plan to a defined contribution plan for several reasons, including the fact that employees...

P&I is reporting on a Milliman study of the 100 largest U.S. public pension plans in which they calculate that the aggregate funding dropped to an estimated 71.4% as of March 31, down from 73.1% at the end of 2017....

SOA projects 115 multiemployer plans to be insolvent in 20 years The headline above appeared last week in Pensions & Investmants (P&I). As we've been reporting for nearly one year the solvency of many multiemployer plans is very much in...