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.

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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
     

Our Approach

Consulting
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

Portfolio Management
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

Insights

Manage Assets

Pension Market Review – First Quarter 2021

Higher treasury rates led to increases in corporate pension funding levels in first-quarter 2021.

3 min read

Manage Assets

Preparing for a New Year – Virtual Event

A moderated Q&A discussing what we expect from markets and politics in the coming year.

54:52 min video

Manage Assets

Video Overview: Pensions & Investments Evolution of OCIO 2020 Conference

In this video, Chris McGoldrick, Managing Director of OCIO Solutions, answers three commonly asked questions regarding OCIO.

11:55 min video

Let's Talk

Work with us today. For more information, please contact:  


Kimberlene Matthews


Managing Director,
Pension & Enterprise Solutions Group

 

Outsourced Chief Investment Officer (OCIO)


Providing custom solutions to institutional investors for 75+ years.
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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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