We are pleased to share with you the Ryan ALM quarterly newsletter for Q1’21. As you will read, a terrific quarter was logged for both private and public pension systems that benefited from rising rates (liabilities down) and strong markets (assets up). The combination lead to improved funded ratios and funded status. We hope that you find our insights beneficial. As always, please don’t hesitate to reach out to us at (561) 656-2014 or visit us at ryanalm.com or kampconsultingblog.com. Thank you for your on-going support.