Ryan ALM
Blog
They Got the Vote!
As mentioned earlier this week in a previous blog post , Norwich, CT sought support from town residents to approve a $145 million Pension Obligation Bond (POB). I'm happy to report that the community supported this initiative. Now the challenging...
Pension Fund to be Stable in 22 Years - Really?
I can't tell you how many times I've read articles about underfunded pension systems that are "on track" to be fully funded in x # of years. The most recent one claims that the fund will be stable in 22-years....
Norwich, CT POB - Will it Get Voter Support?
Norwich, CT residents (population 40,000) are going to the polls today to vote on a Pension Obligation Bond (POB) of $145 million. The pension system currently has a 59% funded ratio (under GASB accounting). The "need" to issue a POB...
The Genie is Out of the Bottle!
We've talked about Bitcoin in previous posts. We've wondered what this instrument is in terms of an asset category because we think that the volatility in pricing would suggest that it isn't a currency. Unlike the US $ and other...
Ryan ALM 3Q'21 Newsletter
We, at Ryan ALM, are pleased to share with you the Ryan ALM Q3'21 Newsletter . In keeping with past newsletters, we provide the reader with a unique perspective on pension liabilities and how they have performed relative to pension...
It's Happened Before!
Are you thinking that another major equity market decline isn't possible? That we are once again entering into a new paradigm (remember 1999) casting all previous ideas on market fundamentals out the window? If yes, I implore you to think...
Potentially Exciting News for our Seniors
House Ways and Means Social Security Subcommittee Chairman John Larson, D-Conn., plans to introduce Wednesday a new bill called Social Security 2100: A Sacred Trust . Importantly, the bill will include a change in the inflation rate index from the...
Massive shift to Risk Assets - Are DB Plans Better Off?
As the chart below depicts, there has been a massive shift in the asset allocation of DB plans since the mid-50s from mostly fixed income allocations to significant exposure to risk assets.I suspect that most of the motivation has been...
Ryan ALM Pension Monitor for 3Q'21
Each quarter, Ryan ALM produces the “Pension Monitor” to reflect how pension liabilities are behaving versus plan assets. We believe that pension plan liabilities need to be measured and monitored regularly. Without knowledge of plan liabilities, the allocation of plan...
Biggest Increase in 40-years
The Social Security Administration has just announced that SS recipients would see the greatest annual increase in 40 years. As we reported back in June , the COLA is based on the inflation rate during the three Summer months. It...