By: Russ Kamp, Managing Director, Ryan ALM, Inc. Regular readers of this blog know that we've been on record since the first Fed Funds Rate increase that we were likely in a higher for longer scenario. That the prior nearly...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to provide you with our weekly update of the PBGC's progress in implementing the life-changing ARPA legislation. Tremendous activity has already taken place, but there is much more to...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I don't think that it is much of a stretch to claim that the last 41 or so years have been an amazing time to be in the capital markets. Personally, I've...

By: Russ Kamp, Managing DIrector, Ryan ALM, Inc. Milliman’s midyear 2023 Multiemployer Pension Funding Study has been released. The Headline: "The aggregate market value funded percentage for multiemployer plans is estimated to be 87% as of June 30, 2023, up...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Good morning. Happy to share with you a very brief update on the PBGC's activity implementing the ARPA pension legislation. Brief because there is only 1 action item to report on. Southwest...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. As I mentioned in my last post, I am currently at the TexPERS summer program at the Woodlands just outside of Houston, TX. It is a well attended conference despite the excessive...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Happy Saturday. I am penning this post from roughly 28,000 feet as I travel to Houston, TX for the upcoming TexPERS conference, where I have the privilege of teaching an investment class...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. With the demise of the defined benefit plan for many works in the US private sector, Social Security benefit payments become ever more important for a greater percentage of the American retirees...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Milliman released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. They reported that July was a very strong month for...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The management of a pension system should be done in similar fashion to how both insurance companies and lottery systems operate. They know what the future value of liabilities are that they...