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Risk Tolerance and Investment Strategy for Public Pension Plans

Interest rates have been on a secular decline since the early-1980s after Paul Volcker pushed short-term rates to nearly 20% to beat back inflation.  Today, by comparison, the Fed Funds rate is targeted between 0.25% and 0.50%.  Unfortunately, as interest rates fell, pension discount rates have barely budged, leading to a widening “yield gap” between what plan fiduciaries expect to receive from the market and what the market can realistically provide.

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Austin Fire Fighters Relief & Retirement Fund Seeks Fund Administrator

JOB ADVERTISEMENT: Our client, Austin Fire Fighters Relief & Retirement Fund (AFRS), a single employer defined benefit pension plan provides service retirement, death, disability and termination benefits for eligible members and their survivors, is seeking a Fund Administrator  

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