Ryan ALM
White Papers
When is a Pension Fully Funded?
The Funded Ratio tends to be the acid test and benchmark for funded status… but is it? We have written several research white papers (www. RyanALM/Research/White Papers) about the glaring...
What’s It All About? Liabilities!
Most institutional assets are required to fund some type of liability objective (Pensions, OPEB, Lottery, Endowment & Foundation) yet liabilities tend to be missing in every function related to assets:...
Problem/Solution: Asset-only Focus
Most, if not all asset allocation models are focused on achieving a total return target or hurdle rate… commonly called the ROA (return on assets). This ROA target return is derived from a weighting of…
Optimizing Asset Allocation
The asset allocation decision is the single most important asset decision since it affects all assets and the funded status of a pension plan. Strategic asset allocation (AA) takes a...
NIRS Innovative Pension Funding Strategies
The NIRS pension objectives for this paper are: Reduce contribution volatility Promote intergenerational equity Keep plan on sound funding trajectory Cash Flows (Future Values versus Present Values) Pensions are all...
Becoming Liability Aware
A Strategy For Improved Pension Funding The Objective in managing a defined benefit plan is to fund benefit payments (liabilities) in a cost effective manner and to reduce risk over...