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Are We Looking at the 1970s?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The 1970s were one of the most challenging times for our capital markets. The decade began somewhat harmlessly although equity valuations were inflated following incredibly strong equity markets during the 1960s. These...
Just the Beginning?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Last week the US Federal Reserve indicated that the discount rate increase of 25 bps was just the beginning of what might be 6 additional increases this year. Given the level of...
Two More Funds Get SFA Approval from the PBGC
By: Russ Kamp, Managing Director, Ryan ALM, Inc. As reported in their March 18th update on the PBGC website, two more funds - Milk Industry Office Employees Pension Trust Fund and Local 584 Pension Trust Fund - received approval for...
ARPA Weekly Update
By: Russ Kamp, Managing Director, Ryan ALM, Inc. It must have been Spring Break for the members of the PBGC this past week, as there is nothing to update as it relates to the filing of applications or approval/payment of...
You Should Believe the Fed
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Ron Ryan and I have been saying for a while that we believed that the likely next move in US interest rates was up. We are NOT in the habit of forecasting...
Two More Pension Plans Get Their SFA
Russ Kamp, Managing Director – Ryan ALM, Inc. The PBGC has just announced that two more multiemployer plans that filed applications for the Special Financial Assistance (SFA) have had those applications approved. In both cases, these were Group 1 priority...
It's Been Six Weeks
By Russ Kamp, Managing Director, Ryan ALM, Inc. With regard to this post's title, I'm not referring to the additional six weeks of winter predicted by Punxsutawney Phil or any other groundhog this past February 2nd. Winter in New Jersey...
Something's Gotta Give!
The Bloomberg survey for the 4th quarter of 2022 has the US 10-year Treasury Note yield projected to be 2.25%. The 10-year is currently trading at 1.995% (3/10 at 11:20 am EST). That doesn't seem to be much of a...
ASOP 4 - Third draft of the standard was approved in June
The time draws near when this standard goes into effect on your next valuation. Is your actuary ready? The Ryan ALM Custom Liability Index (CLI) is the perfect tool to help plan sponsors AND participants understand the significance of the...
What to Do, What to Do?
By: Russ Kamp, Managing Director, Ryan ALM Do you believe that we will see inflation maintained at elevated levels for some time to come? Do you think that bond yields eventually migrate higher to reflect this more robust inflation? After...