In keeping with the baseball season, we want to introduce Operation Homerun for defined benefit pension plans. We have a four base strategy for helping plan sponsors circle the bases while securing a pension victory. First base: Separate Retired Lives...

We recently got a question from one of our client's consultants regarding the use of Callable Bonds in our cash flow matched bond portfolio. The consultant seemed surprised that we would include them in the universe of acceptable investment-grade bonds...

I am extremely proud of the fact that my Mom, Sister, and daughter are all nurses, so it was disturbing to read about the nurses and other hospital workers at St. Clare's Hospital in Schenectady, N.Y, many of whom have...

When I first heard someone mention ASOP 51, I immediately thought that this individual was speaking about Aesop, a slave and storyteller believed to have lived in ancient Greece between 620 and 564 BCE, and one of his many fairy...

For decades, Pension America has focused almost exclusively on cobbling together a portfolio designed to exceed the return on asset assumption (ROA), and for decades many plans have failed. As a result, the ROA objective continues to fall. As we...

The Florida Public Pension Trustees Association (FPPTA) will be hosting their next Trustee School event from October 6-9 at the Sawgrass Marriott. My partner, Ron Ryan, will be speaking once again to the trustees and others that will be in...

Unlike the "Jeffersons" who were moving on up, public pension systems return on asset assumptions (ROA) are moving on down! Since 2010, 90% of the 129 public pension plans monitored by the National Association of State Retirement Administrators (NASRA) have...

I had the great pleasure of attending (and speaking at) Opal's Emerging Manager conference in NYC for the last couple of days. I always come away having learned much more than I knew before the day started. However, in the...

CIO Magazine has published an article that cites the Congressional Budget Office (CBO) indicating that the proposed pension legislation "The Rehabilitation for Multiemployer Pensions Act of 2019" (H.R. 397) won't be enough to protect and preserve all of the plans....

The move away from defined benefit pension plans to defined contribution plans has coincided with stagnant wage growth and no growth in wealth for roughly half the U.S. population. The impact is devastating. How can anyone expect these individuals to...