We've been writing about the need for pension reform within the multiemployer space for years by highlighting what failure to act would produce for the critical and declining pension plans and their participants. We've questioned how the US government could...

When Ron Ryan and I first became involved in designing an implementation for the Butch Lewis Act (BLA) legislation, Ron recommended cash flow matching the retired lives liability with the proceeds from the low-interest loans provided to the Critical and...

David Brenner, Senior Vice President and National Director of Multiemployer Consulting at Segal said in an article by Rebecca Moore in PlanSponsor that it is too early to tell what effect the first quarter's market volatility will have on multiemployer...

In real estate investing one often hears the saying used by property experts that the three most important factors in determining the desirability of a property are " location , location , location ". For endowments and foundations (and DB...

Milliman, Inc. yesterday released the results of their 2020 Corporate Pension Funding Study (PFS), which analyzes the 100 largest U.S. corporate pension plans. The study highlighted the fact that the aggregate performance (17.3%) for this cohort was the second best...

Northern Trust has published the aggregate performance results through March 31st for its universe of roughly 300 large institutional pension plans and endowments and foundations. Not surprisingly, performance results (-11.6%) are very weak for the entire universe. What also isn't...

As we've been reporting, US states are under significant financial stress that will likely get much worse before it gets better. Debate continues as to what the Federal government might be willing to do to help states bridge their cash...

Anyone who has read my blog throughout the years knows that I often rail about decisions taken in NJ with regard to the state's pension system, but this is one time that I am firmly with NJ and all the...

We truly understand and appreciate the funding concerns that all DB plan sponsors are challenged with at this time. However, we are particularly focused on the issues surrounding public pension funds, as they are getting crushed with the doubly whammy...

According to Milliman's survey of the largest US 100 public DB pension plans, funded ratios collapsed to 66% from year-end's 74.9%, as plan's recorded an average decline of nearly 11% for the quarter. The devastating decline was the largest ever...