We have been doing an analysis on a fairly good sized municipality's pension system using our Custom Liability Index (CLI). The fund appears to have a roughly 35% funded ratio when using standard accounting rules and actuarial practices. However, when...

Inflation is on everyone's mind these days, and for most of the investment community higher inflation is not welcomed! But there is a group that might just benefit a little from a bit of inflation. I am specifically referring to...

I just read this morning that ForUsAll Inc., a 401(k) provider to roughly 400 plans (total AUM of $1.7 billion) has entered into agreement with a division of Coinbase Global to offer access to cryptocurrencies - bitcoin, ether, litecoin, etc....

A Bank of America research note published recently suggests that the significant improvement in corporate pension plan funding (Milliman calculates the collective funded status at >98%) will likely lead to a "massive rotation" from equities into corporate bonds. We absolutely...

There is much chatter and speculation on social media regarding ARPA's funding and ability to meet all the promises. There is growing fear among some circles that somehow the "pool of resources" will fall short of meeting the objective to...

The Illinois State Assembly has passed HB0417, a piece of legislation designed to provide funding flexibility in support of the Chicago Park District pension fund. According to the brief explanation of the bill, the legislation "amends the Chicago Park District...

US males have seen their median lifetime earnings collapse relative to those entering the workforce in the late 1960s and early 1970s despite the tremendous cost increases related to housing, post-secondary education, healthcare, etc. One needs not to look any...

Just this morning, I read an article from Bloomberg that highlighted the narrowing spreads available on high yield debt. In fact, they are so narrow that we are at historic lows! Here is a chart reflecting that fact: Yes, the...

I am really pleased to once again be participating in a CAIA sponsored event. We will be sharing our thoughts on a variety of pension-related issues on June 1st. Please plan to join us. Let’s talk #pensions . In CAIA's...

We are working with a public fund prospect on a cash flow matching project to secure benefit payments as far out as the current fixed income allocation will permit. In our normal implementation we would cash flow match each monthly...