By: Russ Kamp, Managing Director, Ryan ALM, Inc.

We are happy to share with you the Ryan ALM, Inc. Newsletter for 3Q’22. The newsletter highlights the challenges faced by the plan sponsor community in 2022, while also pointing out the inconsistencies among the accounting rules for both GASB and FASB. Given these significant differences, Corporate plan sponsors are feeling much better than those pension sponsors for public and multiemployer plans, as the present value of future benefit payments falls to a greater extent than pension assets. These differences will likely impact asset allocation decisions and contributions.

As always, we welcome your feedback on the newsletter and look forward to responding to any questions that you might have regarding our current environment. We’d be happy to share with you our ideas on how best to structure an asset allocation framework.