I would have preferred to use a saltier title for this post, but I watered it down quite a bit. In any case, I have just read about a major public pension system that decided to purchase 229,643 AMC shares...

I'm thrilled that pension plans both large and small, private and public, are focusing more attention on their plan's liabilities. It is about time, especially given that the only reason that DB plans exist is to meet the promised benefits...

The following is from a CTPost article (my editorializing in parentheses); "For most people who work for a living, a pension is something from a bygone era. (true) Maybe their grandparents had one. (maybe, as more than 40% of those...

The American Rescue Plan Act is wonderful news for plan participants stuck in struggling multiemployer plans, especially in those specific cases where benefits have been cut under MPRA (18 plans in total). It is found money that improves the plan’s...

I stumbled onto an article from 2008 that spoke to Ron Ryan's "genius" when it comes to indexing. As most of you know, Ron was the Director of Research at Lehman in the '70s and he has been credited with...

We are pleased to share with you the Ryan ALM Quarterly Newsletter . The newsletter contains important insights on pension assets and liabilities during the quarter and for the last 20+ years. In addition, we share with you the latest...

Each quarter, Ryan ALM produces the "Pension Monitor" to reflect how pension liabilities are behaving versus plan assets. We believe that pension plan liabilities need to be measured and monitored regularly. Without knowledge of plan liabilities, the allocation of plan...

The Pension Benefit Guaranty Corporation (PBGC) released their long-awaited American Rescue Plan Act (ARPA) guidelines. They had 120 days from the time that the legislation was signed by President Biden to inform the public on how this legislation would be...

With most of the pension world expecting US interest rates to rise, the opposite has occurred and rather dramatically. US 30-year Treasury bond yields have collapsed 51 bps since May 12th, while the US 10-year Treasury note yield is down...

An interesting analysis by Deutsche Bank suggests that public pension systems should have rebalanced a greater sum of plan assets to fixed income following the terrific first quarter performance provided by US equity markets. DB's analysis found that public pension...