House Ways and Means Committee Chairman Richard Neal (D-MA) introduced the Emergency Pension Plan Relief Act of 2021(EPPRA) on January 21, 2021. EPPRA represents the latest legislative attempt to address the well-documented multiemployer pension crisis. We are told that there...

We are pleased to share with you Ryan ALM's latest insights related to how pension assets and liabilities performed in 2020. As you will note, despite a very strong rally in equities during the final 8 months of the year,...

There are multiple examples throughout time when the price of an "investible" item has gotten tremendously out of whack from the underlying fundamentals. There are examples of prices rising well beyond what the underlying story would justify and examples of...

Who needs cellular tracking when you have United Van Lines? The U.S.'s largest moving company keeps track of moving patterns and produces the results in an annual survey each January called the National Movers Study. Anyone who keeps up on...

I read something recently that had me shaking. Someone was suggesting that the recent run-up in the price of a Bitcoin was being driven by demand from pension plans. Please tell me that isn’t the case. The US pension system...

According to a new Kiplinger survey, nearly 6 in 10 Americans withdrew or borrowed money from their 401(k) "retirement" funds. Of that 60%, 58% withdrew or borrowed from $50,000 to $100,000. These are shocking statistics! I've claimed for years that...

The graph above compares major asset class index benchmarks versus the Ryan U.S. Treasury STRIPS indexes as a yield curve of 30 distinct indexes. This analysis provides a picture (more than 1,000 words in my humble opinion) of the relative...

Founder Ronald J. Ryan explains: In answer to several requests and obvious confusion, I would like to clarify the difference between Ryan ALM, Inc. and Ryan Labs, Inc. I was the Director of Fixed Income Research and Strategy at Lehman...

Ryan ALM has written a lot on the subject of pension inflation and why it doesn't make sense to have an allocation to TIPS in your pension plan since they don't hedge pension inflation. Our extensive research on this subject...

It won't come as a surprise to many pension investors that Bonds have enjoyed an historic run. In fact, for most of my career, which now spans 39+ years, bonds have enjoyed a significant tailwind of falling interest rates. Unfortunately,...