By: Russ Kamp, Managing Director, Ryan ALM, Inc. According to the US Federal Reserve's minutes from early in May, there is a chance that the Fed will have to raise US interest rates "higher and for longer" than originally anticipated....

By: Russ Kamp, managing Director, Ryan ALM, Inc. The Milliman organization produces an outstanding report each quarter that covers changes in the funding levels for both corporate as well as public pension systems. The Public Pension Funding Index (PPFI) report...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Happy to report that there was some more activity related to ARPA and the rescue of struggling multiemployer plans during the last week. As of this writing, there have been 25 ARPA...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Good morning to all my friends in multiemployer pension systems that have filed or will soon file applications with the PBGC to receive Special Financial Assistance (SFA) grants under ARPA. I have...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. As most investors appreciate, trying to time the markets can prove to be a fool's game. We know that timing the tops, bottoms, and dips is incredibly challenging and often leads to...

By: Russ Kamp, Managing Director, Ryan ALM, Inc Everyone knows that this has been a very challenging year for traditional fixed-income programs. In fact, it has been the most challenging year in the past 40-years. As of yesterday, May 16,...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I suspect that most participants in the capital markets are aware of the implications of rising US inflation and the impact it has had on US interest rates so far in 2022....

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Following a flurry of activity during the previous three weeks, the PBGC and Special Financial Assistance (SFA) candidates took a well-deserved breather, as no new applications were either filed or approved. In...

By: Ronald J. Ryan, CFA, CEO, Ryan ALM, Inc. The American Rescue Plan Act became legal as of March 11, 2021. Section 9704 of ARPA provides Special Financial Assistance (SFA) to pension plans who are in critical funding status as...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Ryan ALM is a (THE) leading voice within the US Pension community regarding the need to protect and preserve defined benefit (DB) pension plans through de-risking strategies. We've been imploring plan sponsors...