Allianz Life's 2020 Retirement Risk Readiness Study, published earlier this year highlights the fact that for most Americans choosing when they will retire is likely out of their control. The survey found that more than 50% of Americans were forced...

We continue to marvel at how many pension plans, primarily in the public and multiemployer space, drive asset allocation decisions through a return on asset (ROA) lens. This is done despite the fact that the ROA is NOT a calculated...

We are all in search of positive news and April's market performance is certainly welcomed, especially on the heels of the first quarter's devastating results. The Milliman 100 Public Pension Funding Index showed an aggregate 5.92% performance increase for the...

The House of Representatives is preparing to vote as early as tomorrow on a proposed $3 trillion stimulus package (aka HEROES ACT) that consists of 1,815 pages of what Senate Republicans are calling the Democrats ultimate "wish list". Among the...

We are pleased to share with you the latest research from Ryan ALM - Buy Time. One of the most important benefits of utilizing a cash flow matching strategy is that less liquid assets (the alpha portfolio) have time to...

The WSJ is reporting in today's edition that public pension plans suffered a -13.2% average return for the quarter ending March 31, 2020. This information was obtained from the Wilshire Trust Universe Comparison Service (TUCS) data. The first quarter return...

I've enjoyed producing nearly 780 blog posts during the last 4-5 years or so on a variety of pension-related issues. We often get comments and/or questions from the public regarding what's been produced. I respect people who are willing to...

Everyone knows that first quarter performance results were ugly. It will not come as any surprise then that funded status and contribution expenses were significantly negatively impacted. But, even before Covid-19 struck, assets were struggling to keep up with the...

We've all seen the headlines this morning about the unprecedented 20.5 million American jobs that were lost in April leading to an unemployment rate of 14.7%. The economic consequences related to the virus are beginning to pile up. According to...

I believe that every pension plan should engage in the practice of focusing on plan liabilities to help inform asset allocation and investment structure decisions. This has become common practice for a majority of corporate plans, but they often engage...