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.
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:
Guidance on governance and fiduciary structure, IPS development and strategic asset allocation
Fiduciary Investment Management
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
Custody & Trustee Solutions
The safekeeping and segregation of plan assets in accordance with fiduciary obligations as applicable; periodic account statements
Asset Allocation & Manager Selection
Investment implementation including manager research, contracting and transition management
Pension Payment Processing
Cash movement, benefit payments, tax withholding and reporting
In the world of public defined benefit plans, negative net cash flow could have implications on the future health of a plan.
9 min read
As plans are becoming more mature with increasing number of retirees, negative net cash flow has become more of a concern for public plan sponsors.
6 min read
Lower treasury rates and tightening credit spreads reduced corporate pension funding levels in second-quarter 2021.
3 min read
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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