By: Russ Kamp, CEO, Ryan ALM, Inc.

Whether you celebrated America’s independence on July 2nd or 4th, we hope that you had a wonderful weekend celebrating 250-years with family and friends.

Regarding the PBGC’s implementation of ARPA’s pension legislation, we can report that Albany-based Iron Workers Local No. 12 Pension Fund, a non-priority SFA candidate, will receive $4.7 million in SFA for its 659 members following approval by the PBGC of the revised application.

In other news, the 90 members of the PMPS-ILA Pension Plan and Trust are hoping that the revised application will soon be approved providing the fund with $769k in SFA.

Pleased to report that there were no funds denied the ability to submit an application and no applications before the PBGC were withdrawn. However, Plasterers Local 79 Pension Plan still remains the only non-Mass Withdrawal waitlist candidate to not submit an application at this time.

U.S. interest rates remain at attractive levels providing plan sponsors with the opportunity to significantly reduce the cost of future pension promises, while securing monthly liquidity needs. We would welcome the opportunity to produce a free cash flow analysis on what your fund’s projected SFA could potentially do for your fund.