I entered the pension/investment industry in October 1981. In fact, it was October 13, 1981, and the US 10-year Treasury was trading at a yield of 14.7% at that time. US interest rates have fallen steadily since then to the...

We are pleased to share with you the Ryan ALM Q4'21 Newsletter . This newsletter highlights the relationship of pension assets to liabilities, which we believe is the most important metric. As you will read, calendar year 2021 was a...

Great year - what now? Are we just going to allow the markets to whipsaw funded status and contribution expenses?...

At the time of writing, equity markets seemed to have stabilized a bit today following a rough start to 2022. It isn't surprising that markets have been soft to start the year given current market valuations following a nearly unprecedented...

We are pleased to share with you the Q4'21 Ryan ALM Pension Monitor , which is a look at how pension assets and liabilities performed during 2021. As you will note, there are significant differences in the relationship of assets...

US interest rates have been rising after touching historic lows at the onset of Covid-19. For the calendar year 2021, both short-term and long-term interest rates backed up. For corporate America's pension systems this meant that plan liabilities sank -4.6%...

I had been hearing rumors, as I'm sure that many of you were too, that the PBGC was going to present their "Final, Final Rules" as it relates to the ARPA implementation this week. We have been waiting roughly six...

I'm writing this post from 35,000 feet as I return from a terrific Opal conference in Scottsdale, AZ. The conference was focused on public pension funds. It was great to be back among industry peers and friends who I have...

The 18 Pension plans that received approval under MPRA to file for benefit relief have been slow to file their application for Special Financial Assistance (SFA). These plans were part of Priority Group 2 under the PBGC's pecking order that...

There are supporters and critics of almost any action or decision, especially in today's hyperactive social media environment. The movement to consolidate downstate fire and police pension systems in Illinois is no exception. There were 649 police and fire plans...