Ryan ALM
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Capital Distributions From Private Equity Collapse
I recently published a blog titled, Problem - Solution: Liquidity , in which I discussed the impact of pension plan sponsors cobbling together interest, dividends, and capital distributions from their roster of managers, and how that practice was not beneficial,...
Milliman: Corporate Pension Funding Improves
Milliman has once again released the findings from the Milliman 100 Pension Funding Index (PFI). The index analyzes the top 100 largest corporate pension plans. May's results highlighted an improved funded ratio, as the present value (PV) of liabilities fell...
Problem - Solution: Liquidity
Plan Sponsors of defined benefit pension plans don't have an easy job! The current focus on return/performance and the proliferation of new, and in some cases, complicated and opaque products, make navigating today's market environment as challenging as it has...
ARPA Update as of May 30, 2025
Welcome to the last update for May 2025. It sure seems like the year is flying by. Are we having fun yet? It has been nearly four years (July 2021) since the PBGC began implementing the ARPA pension legislation. Despite...
Public Pension Funding Stable - Milliman
Milliman has released the output of their Public Pension Funding Index (PPFI), which covers the largest 100 public DB plans. Despite the turbulent markets during the month, the index showed a slight investment gain of 0.4%. This compares to the...
Union Wins NEW Defined Benefit Pension!!
Anyone who reads this blog knows that we at Ryan ALM, Inc. are huge proponents of defined benefit (DB) plans. We promote the use of DB plans as the only sensible retirement vehicle for the American worker. Blog after blog...
Where's The Beef?
In case this little ditty got by you, today is National Hamburger Day. According to the history books, the beef patty that most of us love originated in Hamburg, Germany. It has nothing to do with the meat, which as...
ARPA Update as of May 23, 2025
I hope that you had an enjoyable Memorial Day Weekend. Furthermore, I hope that you took a few minutes to reflect on all those that paid the ultimate sacrifice to ensure that we continue to live in freedom. May they...
AAA Bonds… A Time That Was
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. The first bond indexes were invented by Art Lipson, my boss, at Kuhn Loeb in the summer of 1973. At that time, the bond market was dominated by AAA Government and...
U.S. Debt Downgraded - Does That Action Make Sense?
So, Moody's joined the party and reduced the U.S. credit rating after both S&P and Fitch had previously done so. What a silly (ridiculous) concept! Identity: All spending = all income If the U.S. is deficit spending, then the U.S....