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

Kudos to Ed McCarthy who wrote a terrific article for PlanSponsor that addressed alternative strategies to Pension Risk Transfers (PRTs) that have been so prevalent in recent years. The article featured comments from Zorast Wadia, Principal and Consulting Actuary, Milliman, the Center for Retirement Research at Boston College, and me. Not surprisingly, I address asset/liability management (ALM) strategies, with a particular focus on Cash Flow Matching (CFM). The hope is that DB plan sponsors will seek alternatives to the PRT trend that will protect and preserve these critically important retirement vehicles for the American worker.

Please don’t hesitate to reach out to me if I can be of any assistance or respond to any questions that you might have regarding ALM in general or CFM specifically.