Ryan ALM
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ARPA Update as of September 22, 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Another Monday and another update on the progress of the PBGC in implementing the ARPA legislation providing Special Financial Assistance (SFA) for eligible multiemployer pension plans. This past week was not particularly...
It's All About Cash Flows
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The last 18 or so months have played havoc with total return-seeking fixed income strategies as US interest rates have risen precipitously from the depths of Covid-19-induced lows. In fact, there is...
Milliman Releases Public Pension Funding Survey for August 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. According to the Milliman 100 Public Pension Funding Index (PPFI), the estimated aggregate funding for the top 100 public pension systems declined from 76.8% to 75.3% as of August 31, 2023. The...
ARPA Update as of September 15, 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. It may be rainy and somewhat gloomy in New Jersey this morning, but there is good news to report regarding ARPA and the PBGC's implementation of this critically important legislation. Two more...
The Scoreboard Should Dictate How You Play the Game!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Managing a pension plan is not an easy task, but it doesn't have to be as challenging as it currently seems to be. Why? For one thing, pension plans need to understand...
It Still Ain't Over!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. You may recall that on July 14, 2023, I penned the post "It Ain't Over Until it is Over" in which I covered the subject of rising oil prices at that time...
You've Won - Don't Keep Your Chin Extended
By: Russ Kamp, Managing Director, Ryan ALM, Inc. I've never been a boxer, but I can certainly appreciate the instructions to stay away from your opponent in the last or later rounds when you have the match won on points...
ARPA Update as of September 8, 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Football season has begun in earnest, so you can't blame the PBGC if their activity level was not quite up to the pace that they'd been operating under. For the week ending...
Today is National 401(k) Day. Where is National DB Pension Plan Day?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. I suspect that most of us have no idea that today, September 8, 2023, is National 401(k) Day. This day is recognized every year on the Friday following Labor Day. The day...
ARPA Update as of September 1, 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. For us in the Northeast, the start of September marks the beginning of another school year for our K-12 students. We hope that your summer has been wonderful. For the PBGC, the...