By: Russ Kamp, Managing Director, Ryan ALM, Inc. Whether you celebrate Columbus Day or Indigenous People's Day, we continue to celebrate the implementation of ARPA and the awarding of Special Financial Assistance (SFA) to eligible multiemployer pension plans. There isn't...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to share with you the Ryan ALM, Inc. Pension Monitor for Q3'23 which reviews the year-to-date relationship of pension assets to pension liabilities. As you will see, the differences...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. For pension plans operating under GASB accounting standards it might come as a surprise to read that pension liability growth can be negative, but for those using FASB accounting standards they were...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. On August 5, 2022, I produced a post titled "Recession Fears Overblown" in which I stated, "I am more convinced that we will be saddled with inflationary pressures for longer without a...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I just returned from speaking at the FPPTA conference at the Sawgrass Marriott, FL. This organization continues to provide world class education to a significant percentage of Florida's public fund trustees. I...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I don't know if the historic rainfall registered on the east coast last week had anything to do with activity levels at the PBGC, but we witnessed very little tangible output as...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Not much was expected from the capital markets in 2023 given the Federal Reserve's focus on tamping inflation. Could 2023's capital markets be as testy or worse? Well, what has transpired so...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Another Monday and another update on the progress of the PBGC in implementing the ARPA legislation providing Special Financial Assistance (SFA) for eligible multiemployer pension plans. This past week was not particularly...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The last 18 or so months have played havoc with total return-seeking fixed income strategies as US interest rates have risen precipitously from the depths of Covid-19-induced lows. In fact, there is...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. According to the Milliman 100 Public Pension Funding Index (PPFI), the estimated aggregate funding for the top 100 public pension systems declined from 76.8% to 75.3% as of August 31, 2023. The...