« 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
kimberlene.matthews@pnc.com

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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Outsourced Chief Investment Officer (OCIO) & Asset Servicing

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

Five Best Practices for Pension Plan Sponsors

As organizations navigate an unprecedented year, we offer five tips to help you prepare for the challenges ahead.

3 min read

Manage Assets

Pension Market Review – Second Quarter 2020

Equity market expansion led to increases in corporate pension funding levels in second quarter 2020.

3 min read

Manage Assets

Meeting Today’s Challenges with Outsourced Chief Investment Officer Solutions

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

6 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, consulting, 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, an SEC-registered investment adviser and wholly-owned subsidiary of 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. 

“PNC Institutional Asset Management” is a registered mark of The PNC Financial Services Group, Inc.

Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.

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