By: Russ Kamp, Managing Director, Ryan ALM, Inc. The PBGC didn't let a little holiday get in the way of some ARPA activity last week. According to the terrific spreadsheet that they update and provide weekly, three more plans received...

By: Russ Kamp, Managing Director, Ryan ALM, I nc. The great migration from defined benefit (DB) plans to defined contribution (DC) plans has been underway for roughly four decades within the private sector. How's it working out for the millions...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I recently produced the following on LinkedIn.com. What PIVOT? As we've been consistently saying, economies don't roll into recessions with full employment and wage growth >4%. Recent economic releases continue to support...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Happy Fourth of July! Thank you to all who have served our nation to provide us with the freedoms that we enjoy, but often take for granted. With respect to the PBGC's...

By: Ronald J. Ryan, CFA, CEO, Ryan ALM, Inc. Q: Should a pension plan with a 90% funded status have the same asset allocation as a 60% funded plan? A: NO! Asset allocation should be based on the economic funded...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We hope that your week has begun well. Sorry for the delay in getting our weekly ARPA update out. Three cancelled planes, flights supposedly from 4 different airports, an Amtrak train, and...

BY: Russ Kamp, Managing Director, Ryan ALM, Inc. We understand that US public pension systems operate under different accounting standards (GASB) than those sponsored by private companies (FASB), but should those differences create asset allocation frameworks that differ so widely...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. On October 11, 2022, I penned a blog post titled "Rates Aren't High Yet, But They Might Get There ", in which I highlighted the fact that the 3-year Treasury yield was...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Good morning. We are pleased to provide you with the latest update on the progress of the PBGC's implementation of the ARPA legislation. Last week proved to be a quiet one for...

By: Ronald J. Ryan, CFA, CEO, Ryan ALM, Inc. Q: What is the Value of Bonds? A: The certainty of their Cash Flows! Bonds are, perhaps, the only asset class with the certainty of their cash flows. You know with...