The Pension Benefit Guaranty Corporation announced on January 14, 2020, the first merger of two multiemployer plans under the Multiemployer Pension Reform Act of 2014. The two plans are the Local 1000 Pension Fund, which covers more than 400 participants,...

We have recently reported on the $1.02 trillion federal deficit for 2019. What amazes me is that we are constantly told that the Republican lead U.S. Senate can't support H.R. 397 (the Butch Lewis Act) and nearly 1.4 million multiemployer...

The U.S. Treasury released data highlighting that the fiscal budget deficit topped $1 trillion for calendar year 2019 for the first time since 2012, increasing 17.1% in 2019 from 2018's budget deficit that had grown by more than 28.2% from...

We are happy to share with you the latest quarterly newsletter from Ryan ALM. As we note in our analysis, pension assets enjoyed a terrific 2019, but the advantage relative to liabilities was not nearly as great as one would...

Very simply, we fight for DB pensions because the benefits that they produce are a significant engine to growth in the U.S. In fact, in 2016, spending of public pension benefits generated $1.2 trillion in total economic output, supporting 7.5...

As the 2010's come to a close, I should be looking back on the prior 10 years in awe of what has been achieved in the capital markets that have witnessed a tripling of stock returns using the S&P 500...

We wish you a joyous holiday season filled with family, friends, great health, and much love. Also, may 2020 be your very best year yet!...

I've written about the SECURE Act before, and specifically my belief that it is an empty shirt policy and not worth the time and effort that it took to write and pass. It really doesn't SECURE anything. Here is one...

Of course, this has occurred while we are in one of the most protracted bull markets for equities and a continuation of a 30+ year bull market for bonds! Think that you could retire on these account balances if you...

Cheiron, a leading actuarial consulting firm, has provided a fresh perspective on the state of the multiemployer pension universe with a particular focus on those plans deemed to be in Critical and Declining (C&D) status. Here is the report. As...