By: Russ Kamp, Managing Director, Ryan ALM, Inc. Perhaps many sponsors of multiemployer plans potentially eligible to receive SFA grant assets remain confused by the recent PBGC Final Final Rules (FFR)/guidelines? Perhaps we are just in the Summer doldrums and...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The CPI-U was published today. Market forecasters had anticipated that inflation would continue to rise, and they estimated that the 12-month annualized inflation # would be 8.8%. They got the direction right,...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to share with you the Ryan ALM Newsletter for the second quarter of 2022. Despite a very rough start to the year for the capital markets, the present value...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Last week was an incredibly busy week for the PBGC as they published the Final Final Rules (FFR) on how to implement the ARPA Pension legislation. I provided my initial feedback in...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to share with you the Ryan ALM Q2'22 Pension Monitor . Despite the fact that pension assets had another challenging quarter, pension liabilities once again fell to a greater...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I penned this post on May 3rd. Markets have continued to sell off, but pension funding has continued to improve as rising rates and the impact on longer-duration pension liabilities created an...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The PBGC's Final Final Rules have not been released, but I've been sent a "fact sheet" highlighting three areas of "improvement". First, and most importantly, all 18 MPRA plans that "reconfigured" benefits...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I am pleased to share with you another thought-provoking research piece from Ryan ALM's CEO, Ron Ryan, CFA. This article, "The Pension ROA is Plural... ROAs" explores how the return on asset...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I hope that you and your families enjoyed a Happy Fourth of July weekend. My family and I enjoyed some traditional American activities this past weekend as we took in a Mets...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Last Friday we produced an update on market performance through 1H'22. What jumps out is the fact that both bonds and stocks are down to start the year, and down big. It...