I was extremely pleased to be asked to participate in a Barron’s Live interview today. Eleanor Laise and I discussed ARPA and other matters related to DB plans. With regard to ARPA we discussed the SFA calculation and discount rate issues. Despite some concerns about both, we at Ryan ALM have determined that the SFA working in conjunction with the legacy assets and future contributions can accomplish the primary objective set by Congress to pay benefits and expenses for the next 30-years, while still maintaining a surplus to meet future liabilities.

In addition, we talked about the state of public DB plans, including the use of Pension Obligation Bonds. Please don’t hesitate to reach out to me if you have any questions or comments related to what was discussed today.