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

We are pleased to present the Ryan ALM Pension Monitor for Q4’22. We once again highlight for our readers the returns for both assets and liabilities for the calendar year 2022 for Private, Public, and Multiemployer (union) plans. The asset allocations highlighted in the monitor are based on the annual study by P&I, while the liability data is derived through Ryan ALM’s work in this space. I would encourage you to also review Ron Ryan’s post, “Was 2022 a GOOD or BAD year for Pensions?” which dives more deeply into the question that he poses, especially how one’s perception of 2022 is very much driven by the accounting rules.

As always, please don’t hesitate to reach out to us with any comments, questions, and/or concerns. We stand ready to assist. You can also go to RyanALM.Com to find significant published work on a variety of ALM and pension issues. Thank you for your continuing interest in and support of Ryan ALM.