« Pension Management


Public Defined Benefit Pension Plans

We're here to help public plan sponsors provide the men and women in public service the retirement benefits they have earned and deserve.

Solutions for Public Defined Benefit Plans

The challenges for trustees of public defined benefit plans in managing these types of retirement plans, including investment, fiduciary, and regulatory requirements, can make the job a daunting task.

We have built a long-standing reputation for delivering a wide range of customized investment management, custody and pension payment services. Our services are designed to help government and municipal plan sponsors of pensions, VEBAs, and OPEBs meet their unique investment challenges and achieve growth goals, while mitigating risk and minimizing administrative burdens.

We believe that our customized approach and focus on client-specific solutions can help public plan sponsors to provide the retirement benefits earned by the men and women who serve our communities through public service.

Service Highlights

  • Help to formulate and implement an Investment Policy Statement
  • Formulate investment strategy and advice as a 3(38) Fiduciary
  • Provide liquidity management and funded status monitoring
  • Serve as trustee and custodian, including benefit payment services
  • Deliver ongoing capital markets updates and board education

Financial Planning for Pensions

Every pension is like a puzzle. Its unique pieces — plan assets, liabilities, administrative resources and fiduciary obligations — all need to be appreciated and fit together perfectly. We see each component in detail, optimize its value to meet objectives and integrate it into a customized, comprehensive financial plan for your pension.

We're More Than Just an Investment Manager

We know that municipal entities need more than just investment management. As a national financial services firm, PNC Bank, N.A. is also able to provide a wide range of banking services through our team of local Public Finance bankers dedicated to providing financial solutions and banking services tailored specifically to municipalities.  Among the additional services offered by PNC Public Finance:

  • Traditional commercial lending: Term loans, lines of credit
  • Specialized municipal finance solutions: Direct purchase of tax-exempt bonds, Direct Pay Letters of Credit and liquidity facilities for variable rate bonds, tax anticipation notes, bond anticipation notes, tax-exempt equipment leases, and energy efficiency leases
  • Robust treasury management platform: Full continuum of payables and receivables solutions including purchasing cards, lockbox services, merchant card processing, online payment portals, invoice automation and real-time payments

Work With Us Today

For more information, please contact:

Kimberlene Matthews
Director, Pension Solutions Group
(312) 338-8138

You may also contact your PNC Representative or fill out a simple form and we'll get in touch with you.

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Institutional Advisory Solutions

Providing custom solutions to institutional investors for 65+ years
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Guidance on governance and fiduciary structure, IPS development and strategic asset allocation

PNC acts as an investment manager, helping the plan sponsor fulfill its fiduciary duty to prudently manage plan assets

PNC manages daily valuation, transaction management, monitoring and execution of asset allocation changes

The safekeeping and segregation of plan assets in accordance with fiduciary obligations as applicable; periodic account statements

Investment implementation including manager research, contracting and transition management

Cash movement, benefit payments, tax withholding and reporting

Thought Leadership & Insights

Manage Assets

Meeting Today’s Challenges with Outsourced Investment Solutions

Many institutional investors are searching for better ways to achieve their investment objectives while controlling risk and managing costs.

5 min read

Manage Assets

Adverse Scenarios & Plan Sponsor Health

We discuss the implications major demographic shifts, market downturns, and other adverse scenarios can have on a prototypical public defined benefit plan.

1 min read

Manage Assets

To Extend or Not to Extend

Many organizations have embraced extending the duration of their fixed income investments, but it seems there are some that are waiting for higher interest rate environments to make this change.

3 min read

Important Legal Disclosures & Information

The PNC Financial Services Group, Inc. (“PNC”) uses the marketing name PNC Institutional Asset Management® for the various discretionary and non-discretionary institutional investment, trustee, custody, and related services provided by PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and investment management activities conducted by PNC Capital Advisors, LLC, a registered investment adviser (“PNC Capital Advisors”). PNC uses the marketing name PNC Institutional Advisory Solutions® for discretionary investment management, trustee, and related services for institutional clients conducted by PNC Bank. PNC uses the marketing name PNC Retirement Solutions® for investment, consulting, trustee, and custody services for employer-sponsored retirement plans provided by PNC Bank. FDIC-insured banking products and services, and lending of funds are also provided to institutional clients by PNC Bank. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”). Investment management and related products and services provided to a “municipal entity” or “obligated person” regarding “proceeds of municipal securities” (as such terms are defined in the Act) will be provided by PNC Capital Advisors.

“PNC,” “PNC Bank,” “PNC Institutional Asset Management,” “PNC Institutional Advisory Solutions,” and “PNC Retirement Solutions” are registered marks of The PNC Financial Services Group, Inc.