Insight

Milliman retirement & benefits insight

13 October 2021

IRS Notice 2021-57 was just released regarding the temporary relief provisions other than the special financial assistance program provided by the American Rescue Plan Act of 2021 (ARP).

11 October 2021 - By Zorast Wadia, Charles J. Clark

Asset losses and increased liabilities leave the Milliman 100 PFI funded ratio flat compared to August.

04 October 2021 - By Dominick Pizzano, Henrik Patel, Kenneth Barr

We highlight key issues from the IRS’s latest revision of its audit guide for plans, including the agency’s strategy and how sponsors can prepare.

30 September 2021 - By Zorast Wadia, Richard J. Bottelli Jr.

By embracing the flexibility and customization options that come with hybrid plans, employers can create retirement incentives that meet their specific financial and human resources goals.

23 September 2021

The 2020 fiscal year Projections Report forecasts the financial condition of the PBGC’s multiemployer insurance program over the next 10 years, and its 2020 Multiemployer Program Quinquennial Report (“5-Year Report”).

17 September 2021 - By Zorast Wadia, Bret Linton

Given the greater flexibility and lower costs provided under ARPA’s provisions, plan sponsors should seize this moment to reevaluate and optimize their risk management strategies by considering the whole picture.

16 September 2021 - By Sean Silva, Katy Mohr

Learn more on the recently released FAQ and its potential effects on plan sponsors and participants.

15 September 2021 - By Mary Leong, Ryan Cook

Estimated retiree buyout cost as a percentage of accounting liability decreased by 10 bps from 102.3% to 102.2% in August.

09 September 2021 - By Zorast Wadia, Charles J. Clark

The Milliman 100 PFI funded ratio rose to 97.1 percent, ending two-month skid in funded status losses.

30 August 2021 - By Ernst van Bruggen

Learn more on the proposed pension reform in the Netherlands, as we evaluate the accounting consequences for companies, reporting under the International Accounting Standards or under the U.S. Accounting Standards Codification.

25 August 2021 - By Ryan Cook, Mary Leong

Estimated retiree buyout cost decreases a tad in July, by 10 basis points, to 102.3% of accounting liability.

24 August 2021 - By Robert D. Bachler, Mike Hamachek, Zach Hatzenbeler

Review results from Milliman's 2021 survey covering the employer stop-loss market.

20 August 2021

The global pandemic has highlighted the importance of technology adoption for our workforce to connect and collaborate.

20 August 2021 - By Garry Simmons , Tammy McAllister, Ryan Hart

For this survey, we looked at how employers and plan sponsors are addressing plan funding as well as how they are adopting more focused provider network solutions to help participants make better and more informed healthcare decisions. Here’s how our survey played out.

20 August 2021 - By Charles J. Clark

These year-over-year increases for tax-qualified employee benefit retirement plans are expected to be greater than those that produced the 2021 IRS limits.

18 August 2021 - By Julie Cannaday, Nancy Kariel

We detail proven components of successful lump-sum window campaigns that result in a win-win for plan sponsors and participants.

17 August 2021 - By Nina M. Lantz, Rex Barker, Timothy L. Connor, William Wade

The aggregate funded percentage for multiemployer plans is at its highest point since 2007, estimated to be 92% as of June 30, up from 88% at the end of 2020.

13 August 2021 - By Charles J. Clark, Casey B. Baldwin

Milliman consultants help plan sponsors understand the IRS’ guidance under notice 2021-48 and how it will impact defined benefit pension plans.

09 August 2021 - By Zorast Wadia, Charles J. Clark

The Milliman 100 PFI funded ratio continues its recent slide, to 95.8 percent in July, down from 97.1 percent in June, as lower interest rates increase liabilities

03 August 2021 - By Mark Whatley, Juraidah Hussain

The number of accounts shows an even participation between the genders, but member balances for men are about 10% higher than those of women.

02 August 2021 - By Robert L. Schmidt, Eric Walters

We present our latest numbers on how much healthcare will cost retirees going forward.

02 August 2021 - By Vanessa M. Vaag, Charles J. Clark

Internal Revenue Service (IRS) Notice 2021-48 has been released with compliance guidance under the American Rescue Plan Act of 2021 (ARPA) for single employer defined benefit (DB) pension plan sponsors and their U.S. tax-qualified retirement plan advisors.

23 July 2021 - By Nina M. Lantz, Yutaro Seki , Aaron Shapiro

Multiemployer Review: We cover the latest guidance issued in July.

23 July 2021 - By Jenica Ghorashi

Markets were up broadly over the quarter as the global economic recovery continued.

23 July 2021 - By Mary Leong, Ryan Cook

Average estimated retiree buyout increased in June to 102.4%, up from 102.0%, while the competitive pricing trend decreased to 100.0%, down from 99.7%

21 July 2021 - By Rebecca A. Sielman

Funded status soars to 82.6%, up from 79%, buoyed by strong market returns, with deficit falling below $1 trillion for the first time for this Milliman index.

12 July 2021 - By Zorast Wadia, Charles J. Clark

Decline in discount rate pushes funded status downward in June to 97.2 percent, from 98.8 percent in May, giving up 12 percent of gains from eight-month streak of increases.

09 July 2021

Take note of the eligibility criteria for plans to apply to receive a one-time cash payment to pay all benefits through 2051.

06 July 2021 - By Stephanie R. Sorenson

For employers that would like to attract and retain this tech-savvy group, offering retirement benefits and educating employees on them can set companies apart.

06 July 2021 - By Bryan Sklar , Mary Hart

Hedge your bets: It is in the best interest of the plan and its participants to explore all of your options for completing a DB plan termination project.

02 July 2021 - By Stephanie R. Sorenson, Shelly Borden

These plans are not subject to ERISA, but it’s important to understand where IRS rules and regulations are still relevant, and where separate guidelines apply.

01 July 2021 - By Dominick Pizzano, Henrik Patel, Kenneth Barr

Best practices for NDCP sponsors: Review of current state of top-hat participation and reporting rules.

28 June 2021 - By David E. Forbes

Sorting it all out: This report summarizes the main features and differences for FASB, IFRS and statutory accounting.

25 June 2021 - By Mary Leong, Ryan Cook

De-risking continues to get less costly: Estimated retiree buyout cost slips 40 basis points in May to 102.0%, continuing four-year and 2020 downward trends.

24 June 2021 - By Esther Peterson

We analyze the problem of student debt and how student loan matches (SLiMs) by employers could mitigate the problem. Should this solution should be considered?

23 June 2021 - By Heidi tenBroek, Rebecca Schiffer

Using inclusive language consistently and pervasively sends a strong message that inclusivity is a value of your organization. Your employees will notice.

21 June 2021 - By Mark Whatley, Juraidah Hussain

The female-to-male ratio of long-term savings in Singapore improved to 90.7% in 2019, up from 85.4% in 2009, signaling a narrowing of the gender gap.

18 June 2021 - By Claire Armstrong-Hann, Mark C. Olleman, Arthur Rains-McNally

To answer this question, we discuss how trustees should first address the big picture and examine a plan’s balance between benefits, contributions, and risks.

18 June 2021 - By Heidi tenBroek, Sharon Stocker

Milliman case study: How we helped a company needing to cut its workforce convince 35% of participants to voluntarily accept early retirement.

17 June 2021 - By Garry Simmons , Tammy McAllister, Ryan Hart

We take the pulse of group health plans: Our survey shows how companies are positioning their offerings as life returns to a new normal.

04 June 2021 - By Zorast Wadia, Heidi tenBroek

Once-in-a-lifetime financial crises push Fortune 100 companies to financial stability.

04 June 2021 - By Zorast Wadia, Charles J. Clark

Ever so close to full funding: The Milliman 100 Pension Funding Index increases to 98.8 percent in May, up from 98.4 percent in April, as gains eclipse rate decreases

03 June 2021 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1 ) is estimated to be 184 bps as of the end of May 2021, up 2 basis points from the previous month, driven by a decrease in long-term interest rates.

01 June 2021 - By Daniel Wade, Jessica Gardner, Arthur Rains-McNally

Public pension funding policies have implications, so we present plan sponsors with a framework to understand their choice of amortization method.

26 May 2021 - By Bruce R. Mitton

You probably aren’t lucky enough to benefit from the traditional company retirement plans of old, but buying an annuity might be the next best thing.

19 May 2021 - By Mary Leong, Ryan Cook

Retiree buyout cost edges down 30 basis points in April to 102.4%.

18 May 2021 - By Zorast Wadia

Defined benefit pension funding gets a new life: Nine considerations for corporate plan sponsors after the passage of the American Rescue Plan Act of 2021.

13 May 2021

A primer for plan sponsors on demographic and longevity risks and how they affect public pensions.

06 May 2021 - By Zorast Wadia, Charles J. Clark

The Milliman 100 Pension Funding Index funded ratio increases to 98.3% as investment gain of 2.30% offsets discount rate decrease.

04 May 2021 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 182 bps as of the end of April 2021, up 6 basis points from the previous month, driven by a decrease in long-term interest rates.

27 April 2021 - By Victor Huang

Why retirees need a new way to balance risk and return in the wake of COVID-19.

26 April 2021 - By Mary Leong, Ryan Cook

Milliman Pension Buyout Index: Estimated retiree buyout cost rises 60 basis points in March to 102.7%.

19 April 2021 - By Rebecca A. Sielman

Public pensions funded ratio rises to new high of 79.0% in the first quarter, up from 78.6% three months earlier, fueled by strong and steady market rebound since March 2020.

19 April 2021 - By Charles J. Clark, Vanessa M. Vaag, Grant Camp

This podcast episode explores how the American Rescue Plan Act may impact single and multiemployer pension plans, and what plan sponsors should consider when taking potential action as a result of ARPA.

16 April 2021 - By Ryan Cook, Rex Barker, Ryan Rowland , Stephanie Sent

We present four case studies to show how the American Rescue Plan Act of 2021 can impact corporate pension plans.

15 April 2021 - By Dominick Pizzano, Henrik Patel, Kenneth Barr

Section 162(m) of the Internal Revenue Code places a $1 million-dollar limit on the amount of deductible compensation that a “publicly held corporation” can pay to their “covered employees."

15 April 2021 - By Zorast Wadia, Charles J. Clark

Milliman 100 PFI leaps to 98.4% in March, up from 95.1% a month earlier, thanks in part to rising interest rates for the third consecutive month.

12 April 2021 - By Garry Simmons , Tammy McAllister

Milliman pulse survey uncovers key benefit trends shaped by COVID-19.

07 April 2021 - By Zorast Wadia, Alan H. Perry, Charles J. Clark

The largest DB plans improve funded ratio to 88.4% in 2020, up from 87.5% a year earlier.

02 April 2021 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1 ) is estimated to be 176 bps as of the end of March 2021, down 18 basis points from the previous month, driven by an increase in long-term interest rates.

01 April 2021 - By Daniel W. Colby

We present the basics of how actuaries determine different liability measurements for DB plans, and their intended purpose.

01 April 2021 - By Yelena Pelletier

Case study: How one town quantified and mitigated the risks of pension obligation bonds.

22 March 2021 - By Michael Halford , Robert L. Schmidt, Lacy Moore, Kathryn Elizabeth Mohr

How the federal COBRA subsidy could impact plan sponsors and participants.

17 March 2021 - By Jake Pringle, Mary Leong

The American Rescue Plan Act 2021 (ARPA ’21) provides relief for defined benefit (DB) pension plans by effecting changes to the Internal Revenue Code and allowing for optional retroactive application dates.

16 March 2021 - By Sean Silva, Michael Halford , Kathryn Elizabeth Mohr

Multiemployer alert: Details on the federal COBRA subsidy.

16 March 2021 - By Mary Leong, Ryan Cook

Estimated retiree buyout costs decrease 30 basis points in February to 102.1%.

15 March 2021 - By Delbert Zamora

Case study: Milliman explores a host of options for a JV pension-plan design to achieve the best outcome.

11 March 2021 - By Nina M. Lantz, Yutaro Seki , Aaron Shapiro

Multiemployer review: A closer look at the American Rescue Plan Act.

10 March 2021 - By Vanessa M. Vaag, Bret Linton

Client Action Bulletin: How the Rescue Plan Act brings relief for defined benefit plans of single employers.

08 March 2021

Multiemployer alert: pension relief passes in the Senate.

08 March 2021 - By Zorast Wadia, Charles J. Clark

Update: Milliman 100 PFI funded ratio raises to 92.9% in February as a result of rising interest rates.

04 March 2021 - By Nina M. Lantz, Yutaro Seki , Aaron Shapiro

Alert: What the Butch Lewis EPPRA means for multiemployer defined benefit plans.

02 March 2021 - By Sean Silva, John R. Botsford, Michael Halford

Multiemployer alert: More guidance on deadline suspensions for COBRA elections, claims, and appeals.

02 March 2021 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 194 bps as of the end of February 2021, down 27 basis points from the previous month, driven by an increase in long-term interest rates.

26 February 2021

Historically low interest rates make pension obligation bonds a possible low-cost solution to shoring up underfunded plans for communities.

25 February 2021 - By Yutaro Seki

Alert: COVID-19 relief bill introduced Feb. 24 could impact multiemployer pension plans.

25 February 2021

Health & group benefits: 10 topical Milliman articles from the second half of 2020.

25 February 2021 - By Mary Leong, Ryan Cook

Milliman Pension Buyout Index: Estimated retiree buyout cost in January rises 60 basis points to 102.4%.

23 February 2021 - By Joanne E. Fontana

Harnessing the value of dental plans: Why it’s worth revisiting this key employee benefit.

23 February 2021 - By Alexander Krauskopf , Katrin Hoellering, Alexandra Pflumm

Die hier vorliegende Analyse beschäftigt sich mit der Prognose von chronischen Krankheiten unter Verwendung von Verfahren des Machine Learning.

17 February 2021 - By Nina M. Lantz, Rex Barker, Timothy L. Connor, William Wade

Milliman analysis shows aggregate funding levels for multiemployer plans at their highest point since 2007 following turbulent year.

12 February 2021 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 221 bps as of the end of January 2021, down 8 basis points from the previous month, driven by an increase in long-term interest rates.

10 February 2021 - By Kerry Forrester, Julie D. Smith

Actuarial Standard of Practice No. 56, Modeling, was released and went into effect October 1, 2020, and provides direction to actuaries in all practice areas when performing actuarial services that require modeling.

05 February 2021 - By Zorast Wadia, Charles J. Clark

In January, the funded status of the 100 largest corporate defined benefit pension plans improved by $39 billion as measured by the Milliman 100 Pension Funding Index.

28 January 2021 - By Mary Leong, Ryan Cook

During December 2020, average accounting discount rates and average annuity purchase rates both stayed level (competitive annuity purchase rates dropped by 3 bps).

27 January 2021 - By Charles J. Clark, Christopher R. Wood

The first step for the 117th Congress in enacting relief for defined benefit pension plans from the consequences of the COVID-19 pandemic is included in “The Emergency Pension Plan Relief Act of 2021.”

25 January 2021

The challenges facing multiemployer defined benefit plans have received more immediate attention in recent weeks with proposed pension relief legislation being introduced in the House and Senate.

21 January 2021 - By Rebecca A. Sielman

The estimated funded status of the 100 largest U.S. public pension plans grew from 72.6% at the end of September 2020 to 78.6% at the end of December 2020 as measured by the Milliman 100 Public Pension Funding Index.

19 January 2021

Markets continued their advance over the quarter as accomodative monetary policy and multiple COVID-19 vaccine approvals bolstered the economic recovery.

19 January 2021

How are two separate dollar amounts for my pension actuarially equivalent?

12 January 2021 - By Grant Camp

This alert provides a brief outline of the primary provisions of the Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020.

08 January 2021 - By Zorast Wadia, Charles J. Clark

After experiencing steep declines in the first quarter of 2020, asset returns roared back for the remainder of 2020 and limited the funded status deterioration due to declining discount rates.

04 January 2021 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 229 bps as of the end of December 2020, down 10 basis points from the previous month, driven by an increase in long-term interest rates.

29 December 2020 - By Bret Linton, Vicki Mazzie, Vanessa M. Vaag

In addition to annual funding for the federal government and provisions on economic stimulus necessitated by the COVID-19 pandemic, the Consolidated Appropriations Act, 2021, enacted on December 27, includes temporary relief from the minimum vesting standards tax rules for employer-sponsored retirement plans- both defined contribution and defined benefit pension plans.

28 December 2020 - By Les Kartchner, Brent Jensen

What are some considerations for employers as new COVID-19 vaccines are made available?

21 December 2020 - By Mary Leong, Ryan Cook

During November 2020, average accounting discount rates decreased by 20 bps, while annuity purchase rates decreased by 9 bps (average) and 11 bps (competitive).

18 December 2020

Regelmatig publiceert Milliman een overzicht van de op de Nederlandse pensioenmarkt actieve Algemeen Pensioenfondsen.

17 December 2020 - By Michael Halford , Sean Silva, David Stoddard

Plan sponsors need to consider how to cover the administration of the COVID-19 vaccines for their membership.

17 December 2020 - By Rebecca A. Sielman

Quarter 3 investment gains propelled the estimated funded status of the 100 largest U.S. public pension funds from 70.7% at the end of June 2020 to 72.6% at the end of September 2020 as measured by the Milliman 100 Public Pension Funding Index.

17 December 2020 - By David Stoddard, Michael Halford , Sean Silva

This year’s report includes data for 1, 283 plans covering approximately 4.8 million members as of 2018.

15 December 2020 - By Martin Wouda

All the details of the Netherlands' new pension contract are not yet known, but that doesn't mean pension funds can wait to arrange the transition to the new pension reality.

14 December 2020

There were a number of highlights of the report related to the agency’s multiemployer program.

07 December 2020 - By Zorast Wadia, Charles J. Clark

In November, the funded status of the 100 largest corporate defined benefit pension plans increased by $12 billion as measured by the Milliman 100 Pension Funding Index.

03 December 2020 - By Jennifer Bolton

We transitioned to new benefit carriers for the first time in two decades, including a new medical plan administrator and prescription drug provider.

03 December 2020 - By Rebecca A. Sielman

The Milliman Public Pension Funding Study annually explores the funded status of the 100 largest U.S. public pension plans.

03 December 2020 - By Kristina Pizano

A church plan client reached out to Milliman for assistance with the termination of a pension plan.

02 December 2020 - By Robert Eaton

Learn how Limelight Health creates a positive user experience for employee benefits insurance quotes, ratings, and enrollment from Robert Eaton and Jason Andrew.

01 December 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 239 bps as of the end of November 2020, down 2 basis points from the previous month, driven by a decrease in volatility.

23 November 2020

Should public plans consider annuity purchases?

23 November 2020

What is an actuarial audit and why do I need one?

23 November 2020 - By Danny L. Quant

Governments, private employers and employees worldwide will face shortfalls in the provisions for retirement savings as the economic impact of COVID-19 continues to deepen.

18 November 2020 - By Milliman Employee Benefits Research Group

This Client Action Bulletin covers year-end compliance issues for single-employer retirement plans and nonqualified deferred compensation plans.

17 November 2020 - By Kristina Pizano, Haydee Scheel

Defined benefit plans should keep good participant address information on file as several notices are required to be mailed out regularly.

17 November 2020 - By John Paul Augeri, Mark Whatley

How will multinational companies find the right balance in their benefit programs to meet the needs of their employees and their business globally?

17 November 2020 - By Mary Leong, Ryan Cook

During October 2020, average accounting discount rates increased by 12 bps, while annuity purchase rates increased by 6 bps (average) and 12 bps (competitive).

11 November 2020 - By Milliman Employee Benefits Research Group

This Client Action Bulletin includes announcements by the Centers for Medicare and Medicaid Services for cost-of-living adjustments for 2021 Medicare Parts A and B, as well as for the Medicare Part D standard prescription drug benefits.

06 November 2020 - By Greg O. Callahan, Angela Reed

This paper explores performance guarantees best practices plan sponsors can leverage to hold their pharmacy benefit managers accountable for operational performance.

06 November 2020 - By Colin Devine, Ken Mungan

Americans entering retirement face a considerable level of risk from the triple threat of longevity, market volatility, and long-term care.

05 November 2020 - By Zorast Wadia, Charles J. Clark

As discount rates rose in October, the funded ratio increased to 85.1%, as measured by the Milliman 100 Pension Funding Index.

05 November 2020 - By Milliman Employee Benefits Research Group

This Client Action Bulletin includes announcements released by the IRS and Social Security Administration for retirement plan benefits, as well as adjusted figures for high-deductible health plans and health savings accounts.

03 November 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 241 bps as of the end of October 2020, down 12 basis points from the previous month, driven by an increase in long-term interest rates.

03 November 2020 - By Dominick Pizzano, Henrik Patel, Kenneth Barr

This article summarizes additional IRS guidance on nonqualified deferred compensation plans and focuses on other areas of executive compensation that should be examined in light of current conditions.

03 November 2020 - By Mary Leong, Ryan Cook

During September 2020, average accounting discount rates increased by 2 bps, while annuity purchase rates increased by 9 bps (on average) and 11 bps (competitive).

27 October 2020 - By Aeron Riordon

Employers considering risk transfer activity should be aware of the risk of potential significant increases to pension cost if their auditor requires them to follow a new accounting approach.

23 October 2020 - By Dominick Pizzano, Sarah Murray

This alert speculates on possible increases in Federal Insurance Contributions Act tax and why there may be interest in the “early inclusion” option under Internal Revenue Code §3121(v) for sponsors of and participants in non-account balance (i.e., defined benefit) non-qualified deferred compensation plans, also commonly referred to as supplemental executive retirement plans or “Top-Hats.”

22 October 2020 - By Corey Swarner

Milliman provides additional administrative services for the defined benefit pension plans a long-time client sponsors.

07 October 2020 - By Jeff Chalk

Over the past few weeks, there has been quite a bit of fanfare over changes in two of the most widely known benchmarks for the U.S. stock market.

06 October 2020 - By Zorast Wadia, Charles J. Clark

In September, the funded status of the 100 largest corporate defined benefit pension plans decreased by $8 billion as measured by the Milliman 100 Pension Funding Index.

05 October 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 253 bps as of the end of September 2020, up 4 basis points from the previous month, driven by a decrease in long-term interest rates.

29 September 2020 - By Corey Swarner

How do you determine the “value” of an annuity in which future payments are promised for an individual’s lifetime?

29 September 2020 - By Tim Bernazza , Rebecca Connell

Milliman worked closely with a pension administration client to transition its 30,000-participant defined benefit plan to a novel solution that continued to offer ongoing benefit accruals to participants while maintaining cost-efficiency and contribution stability.

25 September 2020 - By Ashlee Mouton Borcan, Jennifer O’Brien Howard, Sean Mendes, Parth Patel

As the insurance industry transitions to being more customer-centric, implementing claims integration will likely become a must-have feature.

22 September 2020 - By Mary Leong, Ryan Cook

During August 2020, average accounting discount rates increased by 24 bps while annuity purchase rates increased by 20 bps.

21 September 2020

What are some of the risks related to ASOP 51 disclosures?

18 September 2020 - By Marcel Kruse , Dmitry Zamkovoy

De Benchmarkhervorming Transitie Monitor (BMR Transitie Monitor) is een maandelijkse publicatie van Milliman Pensioenen. Hierin staat het transitieschema van de benchmarkhervorming en eventuele wijzigingen in dit schema.

17 September 2020

On September 14, the Pension Benefit Guaranty Corporation released its 2019 FY Projections Report.

16 September 2020 - By Bryan Wilson, Keith Young

It is especially important to review your terminated vested participation population every year and reach out to them to commence benefits if they are at or beyond normal retirement age.

14 September 2020 - By Marcel Kruse , Geert-Jan Kremer

Het nieuwe pensioenstelsel lost veel op, maar de gekozen rendementsverdeling tussen oude en jonge pensioendeelnemers kan voor de nodige teleurstelling zorgen.

14 September 2020 - By Milliman Employee Benefits Research Group

The Employee Benefit Security Administration of the Department of Labor published a final rule on the use of electronic media as a default to provide information to pension plans’ “covered individuals.”

10 September 2020

How does the life cycle of a pension plan affect the appropriate investment allocation for assets?

09 September 2020 - By Zorast Wadia

In August, the funded status of the 100 largest corporate defined benefit pension plans increased by $93 billion as measured by the Milliman 100 Pension Funding Index.

02 September 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology) is estimated to be 249 bps as of the end of August 2020, down 25 basis points from the previous month, driven by an increase in long-term interest rates.

02 September 2020 - By Charles J. Clark, Ginny Boggs

The Department of Labor’s Employee Benefits Security Administration has published an interim final rule describing calculation methodology and model language to “obtain relief from liability” in the presentation of “Lifetime Income Illustrations” applicable to ERISA-covered defined contribution (individual account) plans, the intent of which is likely a regulatory safe harbor.

24 August 2020 - By Mary Leong, Ryan Cook

During July 2020, average accounting discount rates decreased by 37 bps, while annuity purchase rates decreased by 22 bps.

24 August 2020 - By Dominic Clark

In the face of economic instability due to the COVID-19 pandemic, institutional investors would be wise to consider sovereign risk carefully, even where not explicitly mandated to do so by regulation.

24 August 2020 - By Michael Paczolt, Jill Rosenblum

Claim analytics using artificial intelligence represents a proven method to reduce claim severity and improve the efficiency of claim-handling resources.

21 August 2020 - By Milliman Employee Benefits Research Group

The Internal Revenue Service published Notice 2020-61, providing technical guidance on the special rules relating to funding of single-employer defined benefit pension plans and related benefit restrictions under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

20 August 2020

What is the purpose of an experience study and what benefits does it provide the plan?

10 August 2020 - By Zorast Wadia, Charles J. Clark

In July, the funded status of the 100 largest corporate defined benefit pension plans decreased by $68 billion as measured by the Milliman 100 Pension Funding Index.

10 August 2020 - By Nina M. Lantz, Rex Barker, Timothy L. Connor, William Wade

An interim update to our annual study highlights 2020 volatility in funding levels.

04 August 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block is estimated to be 274 bps as of the end of July 2020, up 5 basis points from the previous month, driven by a decrease in long-term interest rates.

04 August 2020 - By Robert D. Bachler, Nicholas Johnson, Brian Reed, Mike Hamachek

This paper summarizes the findings from Milliman’s 2020 stop-loss survey.

03 August 2020 - By Stoddard Davenport, Matt Caverly, Katie Matthews

The economic costs (both direct and indirect) of nonmedical opioid use are substantial to U.S. employers, not only due to lost productivity, but also due to increased healthcare expenditures, greater costs for workers’ compensation and disability claims, and difficulty meeting recruitment or production targets in regions that experience shortages of workers.

30 July 2020

What are some options for amortizing unfunded liability?

30 July 2020 - By Mary Leong, Ryan Cook

During June 2020, average accounting discount rates decreased by 11 bps while annuity purchase rates decreased by 18 bps.

28 July 2020 - By Dominick Pizzano, Henrik Patel, Kenneth Barr

What are some executive compensation issues that should be examined during these turbulent times?

23 July 2020 - By Radhika Philip

How can organizations approach layoffs in ways that mitigate risks to employee engagement and performance?

23 July 2020 - By Una Bearden, Alicia Favila

What are some considerations, benefits, and possible pitfalls of retirement planning tools?

13 July 2020 - By Zorast Wadia, Charles J. Clark

In June, the funded status of the 100 largest corporate defined benefit plans decreased by $6 billion as measured by the Milliman 100 Pension Funding Index.

10 July 2020 - By Rebecca A. Sielman

The estimated funded status of the 100 largest U.S. public pension plans as measured by the Milliman 100 Public Pension Funding Index rebounded from 66.0% at the end of March 2020 to 71.2% at the end of June 2020.

06 July 2020 - By Ryan Ellsworth

A client enlists Milliman’s help to perform a comprehensive review of their existing retirement program.

02 July 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 269 bps as of the end of June 2020, up 10 basis points from the previous month, driven by a decrease in long-term interest rates.

01 July 2020 - By Casey B. Baldwin, John Rowland

This article provides an overview of the benefit suspension process, identifies considerations for trustees and plan professionals, and shares the lessons learned from previous applications.

01 July 2020

How can I have a plan that provides a sustainable level of benefits?

26 June 2020 - By Jennifer Bolton

For the first time in two decades, Milliman planned to transition to new benefit carriers, including a new medical plan administrator and prescription drug provider.

23 June 2020 - By Mary Leong, Ryan Cook

During May 2020, average accounting discount rates decreased by 27 bps, while annuity purchase rates decreased by 10 bps.

18 June 2020 - By David Evans

Despite the uncertainty of the moment, the observations from the 2020 Northwest Benefits Survey help clarify some trends that will likely have relevance in the future.

11 June 2020 - By Esther Peterson

This article summarizes the components that feed into IRS minimum required contributions and addresses some questions that employers may have.

11 June 2020 - By Rebecca A. Sielman

The estimated funding status of the 100 largest U.S. public pensions as measured by the Milliman 100 Public Pension Funding Index improved to 71.3%, up from 69.8% at the end of April 2020, and a significant recovery from 66.0% at the end of March 2020.

10 June 2020 - By Zorast Wadia

The COVID-19 pandemic has created economic uncertainty, and this article offers helpful guidelines for corporate pension plan sponsors based on past experience and the market data already in the books through the first quarter of 2020.

09 June 2020 - By Sean Silva, Eric Walters

On April 28, 2020, the Departments of Labor and Treasury and the Internal Revenue Service jointly issued guidance extending certain deadlines related to COBRA continuation coverage.

08 June 2020 - By Zorast Wadia, Charles J. Clark

In May, the funded status of the 100 largest corporate defined benefit pension plans worsened by $17 billion as measured by the Milliman 100 Pension Funding Index.

03 June 2020 - By William Wade

What are the potential penalties if a multiemployer pension plan reaches the end of its funding improvement plan or rehabilitation plan period and falls short of the goals?

02 June 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology) is estimated to be 259 bps as of the end of May 2020, down 12 basis points from the previous month, driven by an increase in long-term interest rates.

02 June 2020 - By Robert L. Schmidt, Eric Walters

Each year, Milliman produces estimates of retiree health costs that are updated each year.

02 June 2020 - By Dominick Pizzano, Henrik Patel, Kenneth Barr

This article examines how nonqualified deferred compensation plan (NDCP) sponsors can navigate the rules to ensure their NDCP comply with Code Section 409A with respect to changes in the form of payment elections.

26 May 2020 - By Claire Booth, Neil Cantle, Dana-Marie Dick, Ian Penfold, Natasha Singhal, Vidyut Vardhan

What metrics are most useful to insurance companies when considering the risks and impacts of climate change?

22 May 2020 - By Grant Camp, Aaron Shapiro

This alert focuses on the multiemployer provisions in Division D of the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act.

18 May 2020 - By Mary Leong, Ryan Cook

During April 2020, average accounting discount rates decreased by 56 bps, while annuity purchase rates decreased by 51 bps.

15 May 2020 - By Ryan Rowland

This brief outlines several ideas for employers to consider in connection with their defined benefit pension plans as well as caveats to be aware of as you evaluate your organization’s staffing needs during the COVID-19 crisis.

15 May 2020 - By Jennifer Bolton, Julie Bentz

In the midst of the COVID-19 crisis, there are even more challenges to communicating about benefits.

15 May 2020 - By Zorast Wadia, Charles J. Clark

In April, the funded status of the 100 largest corporate defined benefit pension plans worsened by $58 billion as measured by the Milliman 100 Pension Funding Index.

13 May 2020 - By John Donohue, Thomas M. Carrabine

This article provides an overview of the distribution process and why now may be a good time for trustees to consider moving the defined contribution plans to a daily valued environment.

13 May 2020 - By Radhika Philip, Danny L. Quant

This article focuses on three critical key talent topics in due diligence: assessing contractual obligations, identifying key high-performing talent, and designing retention and termination packages.

13 May 2020 - By Rebecca A. Sielman

The estimated funded status of the 100 largest U.S. public pension plans as measured by the Milliman 100 Public Pension Funding Index now stands at 69.8%, a far cry from the heady 74.9% at the end of December 2019, but a significant improvement from 66.0% at the end of March.

12 May 2020 - By Lauren Busey

COVID-19 poses challenges for healthcare providers who are managing complex issues around benefits and compensation policies to best support their employees during these hazardous times.

11 May 2020 - By Joel E. Stewart, Yutaro Seki

This Multiemployer Alert provides a summary of past multiemployer pension funding relief and recent proposals.

11 May 2020 - By Charles J. Clark, Ginny Boggs

The CARES Act has sweeping implications for both defined benefit and defined contribution retirement plans in the U.S., as Milliman’s Charles Clark and Ginny Boggs discuss on this episode of Critical Point.

07 May 2020

What else can I do to minimize the impact of the market downturn on my contributions?

01 May 2020 - By Daren Lockwood, Xiaohong Mo, Adam Schenck

The expected hedge cost for a hypothetical GLWB block (see Index Methodology1) is estimated to be 271 bps as of the end of April 2020, up 3 basis points from the previous month, driven by a decrease in long-term interest rates.

30 April 2020 - By Stephanie Peterson, Robert L. Schmidt, Ryan Hart

Health and group benefits news and developments in the United States.

30 April 2020 - By Ladd E. Preppernau

Retirement planning is a long-term undertaking, and the consequences of rules and actions may not be known until years, or even decades, after they are implemented.

30 April 2020 - By Ladd E. Preppernau, Grant Camp

A strong understanding of the historical regulatory perspective can serve to inform the discussion on future regulatory changes designed to improve the long-term health of multiemployer pension plans.

29 April 2020 - By Bret Linton, Vicki Mazzie, Vanessa M. Vaag

The Coronavirus Aid, Relief, and Economic Security Act permits a “qualified individual” to certify to the employer that they qualify to elect a coronavirus-related distribution.

29 April 2020 - By Les Kartchner, Sam Bertoch

Contributions charged to employees and retirees are an important aspect of an employer’s health and welfare benefit strategy.

28 April 2020 - By Zorast Wadia, Alan H. Perry, Charles J. Clark

Despite a drop of 94 basis points in discount rates, the private single-employer defined benefit plans of the Milliman 100 companies continued to make funding progress in 2019 due to their stellar investment returns of 17.3%.

21 April 2020

How is the market downturn going to affect my pension contributions?

21 April 2020 - By Mary Leong, Ryan Cook

During March 2020, average accounting discount rates increased by 80 bps, while annuity purchase rates increased by 71 bps.

16 April 2020 - By Rebecca A. Sielman

First quarter investment losses have lowered the estimated funding status of the 100 largest U.S. public pension plans as measured by the Milliman 100 Public Pension Funding Index from 74.9% at the end of December 2019 to 66.0% at the end of March 2020.

15 April 2020 - By Peter Thies

How does a complex pension plan not only pass nondiscrimination testing but also pass this testing in the future?

14 April 2020

Equity markets and high yield fixed income securities were down significantly for the quarter as investors reacted to the sudden onset of the coronavirus pandemic and the resulting economic consequences.

12 April 2020 - By Kelly S. Coffing, Timothy L. Connor, Nina M. Lantz

COVID-19’s impact goes beyond the market decline. Many industries are being hit hard by a sudden drop-off in industry activity, with concern that the recovery of normal operation could take several years, reducing the contributions coming into multiemployer pension plans.

07 April 2020 - By Charles J. Clark, Zorast Wadia

In March, the funded status of the 100 largest corporate defined benefit pension plans rose by $93 billion as measured by the Milliman 100 Pension Funding Index.

07 April 2020 - By Delbert Zamora

This article focuses on the CARES Act provision allowing deferment to January 1, 2021, of required defined benefit contributions due in the 2020 calendar year.

06 April 2020 - By Sean Silva, Reza Vahid

This alert describes Title III (Supporting America’s Health Care System in the Fight Against the Coronavirus), Part II (Access to Healthcare for COVID-19 Patients), Subpart A (Coverage of Testing and Preventive Services), of the CARES Act, which expands upon Division F, Health Provisions, of the Families First Coronavirus Response Act.

02 April 2020 - By Scott D. Preppernau

The turmoil the COVID-19 pandemic has caused in financial markets raises profound and potentially long-lasting concerns for pension plan sponsors.

31 March 2020 - By William Strange

These FAQs help you thoughtfully consider the potential effects that market volatility resulting from COVID-19 can have on your plan.

30 March 2020 - By Mary Leong, Ryan Cook

During February 2020, average accounting discount rates decreased by 19 bps, while annuity purchase rates decreased by 25 bps.

30 March 2020 - By Jeff Baker

As employers are facing the harsh reality of implementing layoffs to maintain economic viability, there may be unintended consequences to various retirement programs, especially pension, post-retirement benefit, and other plans.

30 March 2020 - By Vicki Mazzie

While many non-essential businesses are closing temporarily due to government requirements, even leading to staff layoffs in some cases, essential employers in some regions are experiencing the need to increase staffing levels or putting plans in place to do so in the coming weeks or months.

23 March 2020 - By Sean Silva, John R. Botsford, Ilina Ingolia

This article contains specific information about what the “Families First Coronavirus Response Act” covers.

23 March 2020 - By Ladd E. Preppernau, Carrie Vaughn

On the heels of the dot-com bust from 2000-2002 and the global financial crisis in 2008, can multiemployer plans survive a third “once-in-a-lifetime” event?

16 March 2020 - By Fred Vosvenieks

Firms need to be thinking and acting with dynamism to manage the here and now of the global coronavirus pandemic and plan effectively for multiple future scenario pathways.

11 March 2020 - By Jeffrey T. Marzinsky

The 1,190.95-point Dow decline on February 27, 2020, is the largest we’ve seen in the history of the Dow and amounts to a drop of over 4.4%.

10 March 2020 - By Charles J. Clark, Zorast Wadia

In February, the funded status of the 100 largest corporate defined benefit pension plans fell by $71 billion as measured by the Milliman 100 Pension Funding Index.

06 March 2020 - By Ian Laverty

This article takes a deep dive into changes stemming from the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and provides additional insight into the new law, particularly as it relates to individual annuity contracts.

05 March 2020 - By Jeffrey R. Reardon

This article helps identify restricted employees and explains how their lump-sum benefit form option may be affected.

03 March 2020 - By Robert L. Schmidt

The financial risks associated with offering a health benefit plan can’t be entirely eradicated, but there are many proactive steps plan sponsors can take to optimize their approaches to health benefits.

03 March 2020 - By Michelle Richter

More can be done by representatives of the fiduciary advice, annuity, and technology industries working together both to overcome negative perceptions and to better integrate annuities into the holistic planning solutions that fee-based advisers use.

02 March 2020 - By Milliman Employee Benefits Research Group

Monthly benefits news and developments in the United States.

02 March 2020 - By Rebecca A. Sielman

The estimated funded status of the 100 largest U.S. public pension plans grew from 72.7% at the end of September 2019 to 74.9% at the end of December 2019 as measured by the Milliman 100 Public Pension Funding Index.

26 February 2020 - By Mary Leong, Ryan Cook

The Milliman Pension Buyout Index uses the FTSE Above Median AA Curve and annuity purchase composite interest rates from several insurance companies to estimate the cost, as a percentage of accounting liability, of transferring retiree pension obligations to an insurer.

26 February 2020 - By Vanessa M. Vaag, Mary Hart

This article confirms that certain defined benefit (DB) pension plan changes included in the Setting Every Community Up for Retirement Enhancement (SECURE) Act may lead to technical and administrative concerns for DB plan sponsors, who should be prepared to address them after careful inspection of the new law.

24 February 2020 - By Nina M. Lantz, Rex Barker, Timothy L. Connor, Stuart Kliternick, Joel E. Stewart, William Wade

Milliman’s December 2019 Multiemployer Pension Funding Study reports on the estimated funded status of all U.S. multiemployer defined benefit plans as of December 31, 2019.

20 February 2020 - By Thomas M. Carrabine

With rising healthcare costs and people living longer, trustees of multiemployer plans may want to ask themselves: How can we better support our members in retirement when addressing healthcare costs?

10 February 2020 - By Milliman Employee Benefits Research Group

Monthly benefits news and developments in the United States.

10 February 2020 - By Charles J. Clark, Zorast Wadia

In January, the funded status of the 100 largest corporate defined benefit pension plans fell by $73 billion as measured by the Milliman 100 Pension Funding Index.

06 February 2020 - By Charles J. Clark, Deborah Lachner

The new SECURE Act might have a few surprises for employers and their TPA business partners when it comes to managing retirement plans.

03 February 2020 - By Ian Laverty

Annuities in retirement plans such as the 401(k) may have become more attractive to consumers, plan sponsors, and annuity writers after passage of the SECURE Act.

17 January 2020

Markets were largely up for the quarter as investors reacted to easing trade tensions and reduced fears of a recession.

17 January 2020 - By Matt Cheung, Ian Laverty, Zi Xiang Low, Bill Matczak, Zohair Motiwalla

In the third quarter of 2019, Milliman conducted a survey to establish market practice in the application of VM21: Principle-Based Reserves for Variable Annuities.

10 January 2020 - By Christine Jello, Suzanne Norman, Patricia L. Renzi

Women face unique obstacles in securing the necessary roadmap for retirement.

08 January 2020 - By Milliman Employee Benefits Research Group

The President on Dec. 20, 2019, signed the "Further Consolidated Appropriations Act, 2020" into law (P.L. 116-94), funding government agencies for the remainder of the 2020 federal fiscal year (ending Sept. 30, 2020). The law includes significant provisions – some mandatory, some optional – affecting employer-sponsored retirement and health benefit plans.

08 January 2020 - By Charles J. Clark, Zorast Wadia

The year 2019 was characterized by strong investment returns alongside sharply decreasing discount rates that resulted in an overall $30 billion drop in funded status.

07 January 2020 - By Milliman Employee Benefits Research Group

Monthly benefits news and developments in the United States.

06 January 2020 - By Joseph Boschert, Janet Jennings, Robert L. Schmidt

This paper examines the various connections between health and wealth as well as the repercussions of ignoring those connections.

06 January 2020 - By Joseph Boschert, Janet Jennings, Robert L. Schmidt

People are looking for ways to protect their long-term health and wealth, and they expect their financial advisers to create more comprehensive financial plans that will help them achieve this goal.

23 December 2019 - By Rebecca A. Sielman

13 December 2019 - By Mark C. Olleman, Matt Larrabee

This paper presents two alternative options for mortality projection based on historical mortality improvement data.

10 December 2019 - By Milliman Employee Benefits Research Group

Monthly benefits news and developments in the United States.

06 December 2019 - By David Stoddard

The Milliman Multiemployer Health and Welfare Study analyzes various financial disclosures for multiemployer health and welfare plans, also known as Taft-Hartley plans, nationwide.

05 December 2019 - By Charles J. Clark, Zorast Wadia

In November, the funded status of the 100 largest corporate defined benefit pension plans increased by $15 billion as measured by the Milliman 100 Pension Funding Index.

03 December 2019 - By David Evans

Offering the right benefits has become even more important for employers trying to attract and retain top talent.

26 November 2019 - By Grant Camp, Ryan Rowland

This alert summarizes key aspects of the proposed Multiemployer Pension Recapitalization and Reform Plan.

25 November 2019 - By Milliman Employee Benefits Research Group

This card lists the 2020 key limits for employer-sponsored retirement plans, Social Security and Medicare levels, and health savings account limits set by federal agencies.

22 November 2019 - By Noah Llanda

This alert focuses on the Pension Benefit Guaranty Corporation (PBGC) annual report as it pertains to the PBGC Multiemployer Program.

20 November 2019 - By Milliman Employee Benefits Research Group

The IRS has issued a proposed rule that would amend the life expectancy and distribution period tables used to calculate required minimum distributions (RMDs) from qualified retirement plans, profit-sharing and stock bonus plans, individual retirement accounts (IRAs) and annuities, and 403(b) and 457 plans and certain other tax-favored employer-provided retirement arrangements.

19 November 2019 - By Milliman Employee Benefits Research Group

Key administrative dates and deadlines for calendar-year defined contribution retirement plans subject to ERISA and the Internal Revenue Code.

19 November 2019 - By Bryan Jones

By tweaking existing familiar concepts—the funding liabilities—we can leverage the understanding that employers already have about their pension plans to explain various risks, some of which are very pertinent to decision making.

19 November 2019 - By Milliman Employee Benefits Research Group

Monthly benefits news and developments in the United States.

18 November 2019 - By Milliman Employee Benefits Research Group

Key administrative dates and deadlines for calendar-year single-employer defined benefit plans subject to ERISA and the Internal Revenue Code.

15 November 2019 - By Milliman Employee Benefits Research Group

The Department of Health and Human Services' Centers for Medicare and Medicaid Services (CMS) has announced cost-of-living adjustments (COLAs) for Medicare Parts A and B for 2020.

13 November 2019 - By Milliman Employee Benefits Research Group

The Department of Labor (DOL) released a proposed rule that, if finalized, will provide an additional "safe harbor" for plan administrators to use electronic media to furnish retirement plan information to participants and beneficiaries.

11 November 2019 - By Charles J. Clark, Zorast Wadia

In October, the funded status of the 100 largest corporate defined benefit pension plans increased by $11 billion as measured by the Milliman 100 Pension Funding Index.

08 November 2019 - By Milliman Employee Benefits Research Group

The 2020 adjusted figures for high-deductible health plans and health savings accounts included in this Client Action Bulletin were released by the IRS earlier this year and are provided here for convenience.

06 November 2019 - By Milliman Employee Benefits Research Group

Key administrative dates and deadlines for defined benefit plans subject to ERISA and the Internal Revenue Code.

06 November 2019 - By Milliman Employee Benefits Research Group

By year-end 2019, sponsors of calendar-year single-employer retirement plans must adopt necessary and discretionary plan amendments to ensure compliance with the statutory and regulatory requirements of ERISA and the tax code. This Client Action Bulletin looks at key areas - including administrative compliance issues - that defined benefit (DB) and/or defined contribution (DC) plan sponsors should address by Dec. 31, 2019.

04 November 2019 - By Dominick Pizzano

This article highlights points to consider when conducting a Section 409A “to be or not to be” determination process.

29 October 2019 - By Dan Freeman, Mike Gaal, Cory Gusland, Jennifer Janvrin

Health and group benefits news and developments in the United States.

18 October 2019 - By Benjamin J. Diederich, William J. Fox, Brent Jensen

Employers should adjust health plan options for morbidity in order to reduce the selection bias.

17 October 2019 - By Rex Barker, Kevin M. Campe, Timothy L. Connor, Stuart Kliternick, Nina M. Lantz, Ladd E. Preppernau, Joel E. Stewart

The Fall 2019 Multiemployer Pension Funding Study updates the estimated funded status of U.S. multiemployer plans as of June 30, 2019, showing the change in funding levels from December 31, 2018.

09 October 2019 - By Milliman Employee Benefits Research Group

Monthly benefits news and developments in the United States.

08 October 2019 - By Patrika Bansal, Heerak Basu

This briefing note analyses the evolution of the discount rate for measuring employee benefit obligations under AS15(R), AS19 and IAS19.

07 October 2019 - By Charles J. Clark, Zorast Wadia

In September, the funded status of the 100 largest corporate defined benefit pension plans rose by $38 billion as measured by the Milliman 100 Pension Funding Index.

04 October 2019 - By Arthur Rains-McNally, William Strange

This article presents perspectives on the challenges of the current interest rate environment.

24 September 2019

The Segal Blend method of determining withdrawal liabilities in multiemployer pension plans was ruled improper in a recent case with the New York Times but it has been upheld in others, leaving the issue open for future challenges.

06 September 2019 - By Charles J. Clark, Zorast Wadia

In August, the funded status deficit of the 100 largest corporate defined benefit pension plans increased by $87 billion as measured by the Milliman 100 Pension Funding Index.

01 August 2019

Organizations have been reviewing their parental leave programs in recent years (including paid family leave and paid bonding leave) to comply with changing state and local laws, compete for talent in a competitive job marketplace, and address employee feedback on changing social expectations.

01 January 2018

Rising prescription drug costs is old news, and costs are only expected to climb higher, particularly due to the increased presence of specialty drugs.

01 December 2017

Many of the benefits that are most offered are also on the list to be added in 2018 by organizations that don’t yet have them.

28 June 2010

The pension funding relief provisions of the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 are generally effective the first day of the first plan year ending after August 31, 2008.

05 January 2009

This Multiemployer Alert focuses on the Worker, Retiree, and Employer Recovery Act of 2008 provisions that demand immediate or near-term decisions by multiemployer plan trustees.

- By Michael Taggart, Don Biron

This 2020 market overview highlights some of the changes affecting the health and group benefit administration market that employers need to understand to take advantage of improvements and avoid issues in managing their administration providers.

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