Milliman analysis: Competitive pension risk transfer cost decreased from 99.9% to 99.7% during September

SEATTLE–(BUSINESS WIRE)– #milliman–Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During September, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process dropped 20 basis points, from 99.9% to 99.7% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). That means the estimated retiree PRT cost is now 99.7% of a plan’s ABO. During the same ti

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