Milliman analysis: Public pension funded ratio drops to 79.5% in March
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Q4 2024 mortgage default risk decreases to 2.12%
Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 2024 results of the Milliman Mortgage Default Index (MMDI), which shows a slight decrease in the lifetime serious delinquency rate (for homes 180 days or more delinquent) for U.S.-backed mortgages. The Q4 2024 MMDI dipped to 2.12%, compared to a restated 2.18% in Q3.
Milliman wins “Best in Class” defined contribution recordkeeper, “Service Star” awards from PLANSPONSOR
Milliman, Inc., a premier actuarial, consulting, and benefits administration firm, is pleased to announce multiple recognitions by PLANSPONSOR as part of their annual awards for excellence.
Milliman analysis: Corporate pension funded ratio drops to 104.1% in March as market losses outpace rise in discount rates
Milliman, Inc., a premier global consulting and actuarial firm, today released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman analysis: Competitive pension risk transfer cost inches up to 101.7% in February
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During February, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process ticked up from 101.6% to 101.7% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). That means the estimated retiree PRT cost is now 101.7% of a plan’s ABO.
Milliman analysis: Public pension plans maintain 81.1% funded ratio in February
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman celebrates 30th anniversary of the Co-op 401(k) Plan
Milliman, Inc., a premier global consulting, actuarial, and benefits administration firm, announced that it’s celebrating the 30th anniversary of the Co-op 401(k) Plan by offering a 30% discount for new cooperatives who join the Plan in 2025.
Milliman analysis: Corporate pension funded ratio drops to 104.8% in February following discount rate declines
Milliman, Inc., a premier global consulting and actuarial firm, today released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman wins two InsuranceERM Awards for cutting-edge technology and impact on actuarial analytics
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce its Milliman Mind software has won two InsuranceERM – UK & Europe awards for 2025: Analytics Solution of the Year and Actuarial Modelling Solution of the Year.
Milliman analysis: Public pension funded ratio rises to 81.1% after January market gains
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Competitive pension risk transfer cost ticks up to 101.6% in January
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During January, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.4% to 101.6% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). That means the estimated retiree PRT cost is now 101.6% of a plan’s ABO.
Milliman releases 2025 report on U.S. organ and tissue transplant costs, utilization, and emerging issues
Milliman, Inc., a premier global actuarial consulting, risk management, and technology firm, today released its 2025 report on U.S. organ and tissue transplant costs and utilization. This comprehensive study provides valuable insight into the financial landscape and emerging trends in transplant care, including estimated transplants, lengths of hospital stay, and average annual costs per member per month (PMPM) across single organ/tissue and double-organ/tissue transplants.
Milliman analysis: Corporate pension funded ratio improves in January to new 27-month high
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of the latest monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman elects Bret Linton as Chair of the Board
Milliman, Inc., the premier global consulting and actuarial firm, today announced the election of Bret Linton as its next Chair of the Board. Linton joined Milliman in 2009 and has most recently served as Global Practice Director, Employee Benefits. Linton will succeed Ken Mungan, who is completing a 10-year, term-limited tenure as Chair.
Milliman analysis: Competitive pension risk transfer cost ticks up to 101.4% during December
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During December, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.2% to 101.4% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). That means the estimated retiree PRT cost is now 101.4% of a plan’s ABO. During the same time period, the average annuity purchase cost across all insurers in our index also increased, from 103.9% to 104.0%. The competitive bidding process is estimated to save plan sponsors about 2.6% of PRT costs as of December 31.
Milliman annual Public Pension Funding Study finds public pension funded ratio rose significantly over last two years
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its annual Public Pension Funding Study (PPFS), which reviews the funded status of the nation’s 100 largest public defined benefit pension plans.
Milliman analysis: Corporate pensions close 2024 at 105% funded thanks to rising discount rates
Milliman, Inc., a premier global consulting and actuarial firm, today released the 2024 year-end results of its Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman analysis: Q3 2024 mortgage default risk ticks up to 2.12%
Milliman, Inc., a premier global consulting and actuarial firm, today announced the third quarter (Q3) 2024 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime serious delinquency rates (180 days +) of U.S.-backed mortgages.
Milliman’s 2024 Fixed Indexed Annuity Industry Experience Studies show sharp increases in surrender rates compared to pre-2022 averages
Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of its two 2024 Fixed Indexed Annuity Industry Experience Studies. These comprehensive studies analyze policyholder behavior, including factors such as the contract holder’s age at issue, length and magnitude of the contract, methods of distribution, and tax implications. The two studies cover surrender behavior and partial withdrawals, including income utilization for guaranteed lifetime withdrawal benefit (GLWB) riders.
Milliman awards 14 Opportunity Scholarships in program’s eighth year
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the 2024 recipients of its Opportunity Scholarship program.
Milliman analysis: Competitive pension risk transfer cost remains level at 101.2% during November
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman analysis: Corporate pension funded status improves by $5 billion in November
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman analysis: Competitive pension risk transfer costs decrease from 101.7% to 101.2% during October
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman analysis: Public pension funded ratio slips to 81.2% in October after first month of market declines since April
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Corporate pension funding improves in October after discount rates rise for the first time since April
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman wins “Climate and sustainability consultancy of the year” in 2024 InsuranceERM Awards
Milliman, Inc., a premier global actuarial, consulting, and risk management firm, today announced that the firm has won “Climate and sustainability consultancy of the year” in the 2024 InsuranceERM Climate Risk & Sustainability awards.
Milliman analysis: Competitive pension risk transfer costs increase from 100.8% to 101.7% during September
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman Appleseed to file CARFAX Vehicle Risk Scores with state insurance regulators
Milliman, Inc., the premier global consulting and actuarial firm, is providing auto insurers with access to CARFAX Vehicle Risk Scores as part of its Appleseed product. Milliman Appleseed® will pre-file these risk scores with state insurance regulators thereby reducing regulatory risk and enabling insurers to adopt them more easily.
Milliman analysis: Public pension funded ratio rises to 82.8% in September after fifth straight month of market gains
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Corporate pension funding falls for second straight month in September after discount rates drop 14 basis points
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman announces leadership transition as Chair of the Board Ken Mungan reaches end of 10-year term
Milliman, Inc., a premier global consulting and actuarial firm, today announced an upcoming transition in leadership. Milliman Chair of the Board Ken Mungan is retiring in early 2025 following a full 10-year, term-limited tenure leading the consulting and technology firm. Mungan’s time as chair is notable for strong growth, expansion into new markets, and a visible commitment to mission-driven work.
Milliman analysis: Public pension funded ratio rises to 82.0% in August after fourth straight month of market gains
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman Giving Fund grant strengthens Navajo communities
Milliman, Inc., a premier global consulting and actuarial firm, announced today that the Milliman Giving Fund awarded a grant to Partners in Health (PIH) and their nonprofit partner Community Outreach and Patient Empowerment (COPE), who works across Navajo Nation.
Milliman Giving Fund expands access to clean water and hygiene
Milliman, Inc., a premier global consulting and actuarial firm, announced today that the Milliman Giving Fund has awarded a grant to Splash International. The $750,000 grant is for a three-year period to fund Splash’s Project WISE (Wash in Schools for Everyone).
Milliman analysis: Corporate pension funded status suffers 2024’s largest monthly drop in August
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman introduces Candidly student loan certification for retirement plans
Milliman, Inc., a global consulting, actuarial, and benefits administration firm, today announced the introduction of a student loan certification solution for its 401(k) recordkeeping clients through Candidly.
Milliman analysis: Q2 2024 mortgage default risk increases slightly for GSE acquisitions
Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter (Q2) 2024 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime serious delinquency rates (180 days +) of U.S.-backed mortgages.
Milliman analysis: Competitive pension risk transfer costs climb from 100.3% to 102.5% in July
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman analysis: Multiemployer pensions reach highest aggregate funding level since 2007
Milliman, Inc., a premier global consulting and actuarial firm, today released the midyear 2024 results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit (DB) pension plans in the United States. As of June 30, 2024, the aggregate funded percentage for U.S. multiemployer plans has reached 93%, up from 89% at the end of 2023, marking the highest funding level since 2007.
Milliman analysis: Public pension funded ratio rises to 80.8% in July, topping 80% mark for first time since March 2022
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman Launches Milliman Connect to Unify Data and Systems for Group and Worksite Insurers
Milliman, Inc., a premier global consulting and actuarial firm, is proud to announce the launch of Milliman Connect, a groundbreaking solution designed to seamlessly integrate disparate data and systems across insurers. This innovative platform empowers insurance carriers, voluntary benefit providers, MGAs, TPAs, and brokers, helping them unify their data, streamline operations, and drive informed decision-making.
Milliman analysis: Corporate pension funded status unchanged in July after market gains offset drop in discount rate
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman acquires Pluritem Health, announces availability of real-time clinical data platform for advanced analytics
Milliman, Inc., a premier global consulting and actuarial firm, today announced the acquisition of Pluritem Health, the next generation clinical data platform. Pluritem Health aggregates and analyzes patients’ medical histories to improve quality and cost effectiveness of patient care across the healthcare industry, including direct primary care physicians, onsite/near-site clinics, telehealth, care management teams, and hospital settings.
Milliman, in collaboration with CalChiefs, launches phase two of wildfire data commons initiative with support from the Gordon and Betty Moore Foundation
Milliman, Inc., a premier global consulting and actuarial firm, today announced that the firm, in conjunction with the California Fire Chiefs Foundation (CFCF), was awarded a Moore Foundation grant to support the development of a Wildland-Urban Interface (WUI) Data Commons. This pioneering initiative is aimed at enhancing wildfire risk management and mitigation efforts across the West.
Milliman Estimates PFAS Liability for Water District Remediation at $120-175 Billion
Milliman, Inc., a premier global consulting and actuarial firm, has released a groundbreaking estimate of the economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts. Using a proprietary stochastic modeling approach, Milliman projects that the total expected cost for remediating drinking water systems contaminated with PFAS will range between $120 billion and $175 billion.
Milliman Retiree Health Cost Index: A 65-year-old couple needs $395,000 in savings for healthcare in retirement
Milliman, Inc., a premier global consulting and actuarial firm, recently released its 2024 Retiree Health Cost Index which projects how much money, on average, a healthy 65-year-old can expect to spend on healthcare costs in retirement. The index explains how factors like when a person retires, where a person lives, and which coverage a person chooses will impact the total cost of premiums and out-of-pocket expenses.
Milliman introduces Hueler Income Solutions® Think IncomeSM program for retirement plans
Milliman, Inc., a leading global consulting, actuarial, and benefits administration firm, announced today the introduction of a guaranteed lifetime income option for its 401(k) recordkeeping clients through Hueler Income Solutions® Think IncomeSM.
Milliman analysis: Competitive pension risk transfer cost decreases from 100.7% to 100.3% in June
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman analysis: Public pension funded ratio rises to 79.9% in June, in second month of growth
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Corporate pension funded status sees sixth straight month of improvement in June
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman analysis: Competitive pension risk transfer costs inches down in May, from 100.9% to 100.7%
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman launches enhanced Healthy Financial Outcomes financial wellness experience for retirement plans
Milliman, Inc., one of the premier global consulting, actuarial, and benefits administration firms, announced today that it has launched an enhanced financial wellness experience for participants in Milliman-administered retirement plans.
Milliman analysis: Public pension funded ratio rebounds to 79.4% in May after strong market returns
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman Receives Top Honors in InsuranceERM Americas Awards 2024
Milliman, Inc., a leading global consulting and actuarial firm, is delighted to announce that it has taken top honors in two categories in the InsuranceERM Americas Awards 2024 for its comprehensive cloud-based actuarial modeling and reporting solution, Milliman Integrate®.
Milliman wins international award for outstanding achievement in digital benefits communication
Milliman, Inc., one of the premier global consulting, actuarial, and benefits administration firms, announced today that it has won a 2024 Gold Quill Award in Digital Communication from the International Association of Business Communicators (IABC). Milliman received a Gold Quill Award of Merit for the “Parkland Health Benefit Information Website,” developed for client Parkland Health.
Milliman analysis: Corporate pension funded status rose $4 billion during May in fifth straight month of improvement
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman analysis: Competitive pension risk transfer costs increases from 100.3% to 100.9% in April
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman Medical Index estimates 2024 cost of healthcare for American individual is $7,151; cost for family of four is $32,066
Milliman, Inc., a premier global consulting and actuarial firm, today announced the release of the 2024 Milliman Medical Index (MMI), which measures healthcare costs for Americans covered by a typical employer-sponsored health insurance plan. Healthcare costs for the average person increased 6.7% in 2024, with pharmacy costs increasing by 13% and constituting nearly half of this year’s total increase. Healthcare costs for a hypothetical family of four rose to $32,066.
Milliman analysis: Public pension funded ratio slips to 77.6% in April after market declines
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Corporate pension funded ratio rises to 103.4% in April despite investment losses
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman analysis: Competitive pension risk transfer costs decreases from 102.1% to 100.3% in March
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman annual Corporate Pension Funding Study: Expected return on PFS assets assumption increases for first time in study history
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2024 Corporate Pension Funding Study (PFS), which analyzes data for the 100 U.S. public companies with the largest defined benefit (DB) pension plans, as of their 2023 fiscal years (FY). The plans in this study represent employers across multiple business sectors, including communications, healthcare, financial services, and others. This marks the 24th consecutive year in which the report has been published.
Milliman analysis: Public pension funded ratio rises to 79.7% in March, reaching highest mark in two years
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Corporate pension funded status rises to 105.6% at end of March
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman named “Best in Class” defined contribution recordkeeper
Milliman, Inc., one of the premier actuarial, consulting, and benefits administration firms, is pleased to announce that it has been recognized by PLANSPONSOR as a 2024 Best in Class defined contribution (DC) recordkeeper.
Milliman analysis: Public pension funded ratio rises to 78.6% in February, highest recorded level since May 2022
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman awards 20 Opportunity Scholarships in program’s seventh year
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the 2023 recipients of its Opportunity Scholarship program.
Milliman analysis: Competitive pension risk transfer costs increase from 101.8% to 102.1% in February
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman analysis: Mortgage default risk remains low despite continued affordability pressure
Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 2023 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime serious delinquency rates (180 days +) of U.S.-backed mortgages.
Milliman’s 2023 Fixed Index Annuity Industry Experience Studies show 36% increase in exposure to rising interest rates for contracts without a GLWB
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its two 2023 Fixed Indexed Annuity Industry Experience Studies. These comprehensive studies analyze policyholder behaviors, including factors such as the age when a person attains their policy, length and magnitude of the contract, methods of distribution, and tax implications.
Milliman analysis: Corporate pension funded status continues to climb, hits 104.9% at end of February
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
Milliman survey of fixed indexed and multi-year guaranteed annuity writers finds high lapse rates in 2023, adjustments to dynamic lapse formulas
Milliman, Inc., a premier global consulting and actuarial firm, today announced the findings of a new survey that explored dynamic lapse adjustments for annuity writers in the face of rising interest rates.
Milliman analysis: Public pension funded ratio dips to 77.7% after flat January returns
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
Milliman analysis: Competitive pension risk transfer costs increase from 100.5% to 101.8% in January
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
Milliman analysis: Multiemployer pension funding at 89% in aggregate at year-end 2023
Milliman, Inc., a premier global consulting and actuarial firm, today released the 2023 year-end results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit pension plans in the United States, based on data and assumptions from these plans’ latest Form 5500 filings.
