Ryan ALM
Blog
And Then There were 61!
I wish that my reference to the # 61 had to do with Roger Maris breaking Babe Ruth's home run record, but alas it has to do with the fact that there are ONLY 61 companies in the S&P 500...
Ryan ALM 3Q'20 Newsletter
We are happy to share with you the Ryan ALM 3Q'20 Newsletter . As is always the case, our newsletter provides a unique perspective on how pension assets have been performing versus plan liabilities and the history of those relationships....
The Gap Matters Big time!
At roughly the same time that traditional DB plans were starting to fade from use in the private sector and workers were being asked to primarily fund their own retirements through a DC option, wage growth diverged unexpectedly and significantly...
Corporate Pension Funding Drops Slightly in September
P&I is reporting that the average corporate pension plan experienced a marginal decline in the funded ratio, as the fall in asset values, primarily driven by lower equity returns, outpaced the slight fall in liabilities, as corporate spreads marginally widened...
What's The Objective?
There has been a tug of war for decades within pension systems (public, private, and multiemployer) as to what is the correct objective: maximizing return or securing the promised benefits. Unfortunately, the idea that pension systems should maximize return has...
The Most Vulnerable Get Hit The Hardest!
Often we read that a current event is different than that which we've experienced in the past only to realize that history is actually repeating itself. Well, the impact of Coronavirus on our most vulnerable workers, those making the least...
That Was Unbearable!
A day after writing "Fingers Crossed", I am left shaking my head at the embarrassing spectacle that much of America and I watched last night. Earlier yesterday I felt that because of the upcoming election politics would win out and...
Fingers Crossed
There seems to be some thawing in the negotiating stances of both Republican and Democratic representatives tasked with creating a viable solution to the unfolding multiemployer pension crisis. As everyone who reads this blog knows, we have long been huge...
Where Did My Principal Go?
We are currently engaged in a project for a large city pension plan with >$3 billion in assets and a funded ratio approaching 20%. The analysis and solutions that we prepared showed that their pension system would be able to...
Additional Contributions are Not Likely
We've been speculating for a while that the economic impact from Covid-19 was going to be harsh for both states and municipalities, especially as it relates to upping annual contributions to public pension systems. Just how bad the hit is...