By: Russ Kamp, Managing Director, Ryan ALM, Inc. I penned this post on May 3rd. Markets have continued to sell off, but pension funding has continued to improve as rising rates and the impact on longer-duration pension liabilities created an...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The PBGC's Final Final Rules have not been released, but I've been sent a "fact sheet" highlighting three areas of "improvement". First, and most importantly, all 18 MPRA plans that "reconfigured" benefits...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I am pleased to share with you another thought-provoking research piece from Ryan ALM's CEO, Ron Ryan, CFA. This article, "The Pension ROA is Plural... ROAs" explores how the return on asset...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I hope that you and your families enjoyed a Happy Fourth of July weekend. My family and I enjoyed some traditional American activities this past weekend as we took in a Mets...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Last Friday we produced an update on market performance through 1H'22. What jumps out is the fact that both bonds and stocks are down to start the year, and down big. It...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The first six months of 2022 have come and gone, but not before leaving some destruction in its wake! However, before we dive into the numbers, we want to wish you and...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. My two sessions have been completed at the IFEBP's Advanced Trustees and Administrators conference in Seattle, WA. It is always a pleasure to share the podium with Ian Jones and Troy Brown...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Regular readers of my blog will know that I've often written about Carol, a hard-working union (Local 805) member whose dignified retirement dreams were crushed when her fund filed for benefit relief...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Buying the dip is always a challenging objective. Given the current inflationary environment and the goal of the Federal Reserve to conquer inflation, buying this dip may be premature. A huge negative...

By: Russ Kamp, Managing Director, Ryan ALM, Inc . I've recently seen questions raised about the recent interest rate increase in the Fed Fund's Rate and the potential impact that has on the pension rescue through ARPA. I'm happy to...