The American Rescue Plan Act (ARPA) has brought many benefits to our retirement industry. I've been mostly focused on the significant impact that ARPA is likely to have on multiemployer plans, but the benefits for single-employer plans are vast, as...

The following is an excerpt taken from Thomas Jefferson's letter to James Madison. It reads, “I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the...

I've been blessed to be in the pension/investment industry for 40 years, and I truly believe that we possess tremendous responsibility to those that we serve - mainly the plan participant. But I'm often frustrated by the fact those that...

Pension Oversight Boards are getting some press recently, and in many cases the coverage is pretty negative. Many US states have adopted independent oversight boards to monitor the activities of state-sponsored defined benefit pension systems. As an example, Ohio has...

Headline: Kentucky Teachers Retirement System adds $3 billion in unfunded liabilities to their books basically overnight. In actuality, they really didn't. What they did do was to reduce a high discount of 7.5% to a more reasonable assumption of 7.1%....

Summer is here. It officially started at 11:30 pm (DST) on Sunday, June 20th (Happy Father's Day). Maybe that is why I'm feeling restless today and perhaps a little rambunctious. That said, I need to get something off my chest!...

Moody's has recently published a very balanced analysis on the current state of public pension systems. Most of the article discusses the outstanding, perhaps historic, performance results achieved during fiscal year-to-date 2020-2021. Let's hope that the last couple of weeks...

We have been doing an analysis on a fairly good sized municipality's pension system using our Custom Liability Index (CLI). The fund appears to have a roughly 35% funded ratio when using standard accounting rules and actuarial practices. However, when...

Inflation is on everyone's mind these days, and for most of the investment community higher inflation is not welcomed! But there is a group that might just benefit a little from a bit of inflation. I am specifically referring to...

I just read this morning that ForUsAll Inc., a 401(k) provider to roughly 400 plans (total AUM of $1.7 billion) has entered into agreement with a division of Coinbase Global to offer access to cryptocurrencies - bitcoin, ether, litecoin, etc....