Ryan ALM
Blog
Confused, Yet?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. During the last week, I've reported on two reports from the Milliman organization. Each pertained to the current state of pension funding with one focused on corporate plans while the other addressed...
>25% Are <60% Funded - Ouch!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Last week we reported on the Milliman Corporate Pension Funding Index report. Yesterday, Milliman released the results for their Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public...
The Handwringing is Misplaced
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Like Chicken Little, many in our industry believe that the sky is about to fall on top of us as a result of the abundant US debt financing. It is expected that...
Strong Market - Really?
By: Russ Kamp. Managing Director, Ryan ALM, Inc. Like everyone else, I get a ton of emails regarding various markets and the associated performance. Just got one that spoke to 2023's surprising equity market strength versus 2024's concern about recession....
ARPA Update as of November 9, 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to provide you with this update of the progress of the PBGC's implementation of the ARPA pension legislation. Clearly, great progress has been made since the inception of the...
Oh, What A Beautiful Morning!
By: Russ Kamp, Managing DIrector, Ryan ALM, Inc. I'm certainly no Gordon MacRae, who sang the original as part of the Oklahoma soundtrack in 1955, but I can tell you that I almost feel like belting that song out! Sorry...
Protecting the Downside is Much More Important
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Milliman has once again produced the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. As reported, the average funded ratio for...
ARPA Update as of November 3, 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Welcome to November! The PBGC has now been busy implementing the ARPA legislation for 15 months. Lots has happened during this period of time, but nothing more important than the fact that...
What is the Pension Objective? It Isn't Maximizing Fees!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. As we've stated many times, the primary objective in managing a pension plan is to SECURE the promised benefits at a reasonable COST and with prudent RISK . For most of Pension...
No Victory, Yet
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The FOMC has paused additional increases since July, but that doesn't necessarily mean that they have been victorious in their quest to defeat inflation. If 2% is the Fed's line in the...