I suspect that those who read this blog regularly are likely able to finish this next point before they get to the end of the sentence. But it is worth repeating. The primary objective in managing a DB pension plan...

Many US states find themselves with surplus funds after significant support from ARPA legislation. Although direct DB pension plan support was not a permitted use of the ARPA proceeds, states with surpluses are looking for ways to prop up their...

I hope that you had a great weekend. I can't believe that February has already come and gone (effective today). Here's the weekly update related to ARPA application filings, approvals, and payments. This is going to be a fairly simple...

I am happy to report that today's post is the 1,000 produced on this blog. I've tried to cover many different aspects of pension management. My blogs are intended to help, encourage, urge, foster, persuade, promote, advance, and even implore...

Everyone in the Pension arena understands the actuarial formula: B+E = C+I, where outflows (benefits and expenses) equal inflows (contributions and investment earnings). This equation strives for harmony, but as we've witnessed through many decades, the uncertainty around I places...

I produced the initial "Like A Bridge Over Troubled Waters" post on October 1, 2021. In that post, I highlighted the fact that the decade of the '00s witnessed two episodic market events that produced nearly -50% declines in each...

If given the opportunity to watch paint dry or follow closely the activity surrounding developments related to American Rescue Plan Act (ARPA) and the Special Financial Assistance (SFA), I'd encourage you to sit down and watch some paint. Just make...

The Natixis 2021 Investment Management survey has been released. In one segment of the review 166 investment professionals across North America, who collectively represent $3.9 trillion in client assets under management and are responsible for selecting the products and strategies,...

In the latest ARPA news, New York State Teamsters Conference Pension and Retirement Fund (Syracuse, NY) with >33,000 participants is the third MPRA pension suspension plan to file an application with the PBGC for the SFA. The estimated payout is...

Longview Economics produced the graph below, which appeared in John Authers' (Bloomberg) post today. It certainly appears that the average US household is "all in" on equities! Previous peak ownership coincided with the massive unwinding of these positions from 1968...