PPA Recommendation for Multiemployer Plans

Source: PPA Recommendation for Multiemployer Plans

Replace Active Bond Management with Liability Beta Portfolio

Reduce Asset Management Costs by 50%

Match Net Liabilities Chronologically

Reduces Funding Costs by 4%+

De-Risks the Plan Gradually

Buys Time for the Alpha assets to Outgrow Liabilities

Transfer Alpha Victories to LBP (Portable Alpha)

Stabilizes Funded Ratio + Funded Status