Milliman issues fourth annual Public Pension Funding Study, provides objective analysis of funded status for 100 largest plans
"These pensions had a decent year in 2014, but given the early returns in 2015, the road ahead could be challenging for the 66% of these plans that are less than 80% funded," said
This year's study revealed a significant milestone has been reached with the country's largest public pension plans: for the first time, the number of retired and inactive members covered by these plans outstripped the number of employees who are earning benefits. And the accrued liability for those retirees overshadows the accrued liability for employees by more than 40% in aggregate.
To view the complete study, go to www.milliman.com/PPFS. To receive regular updates of Milliman's pension funding analysis, contact us at [email protected].
About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information visit www.milliman.com.
About the Milliman Public Pension Funding Study
The Milliman Public Pension Study is based on the most recently available Comprehensive Annual Financial Reports and actuarial valuation reports, which reflect valuation dates ranging from
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/milliman-issues-fourth-annual-public-pension-funding-study-provides-objective-analysis-of-funded-status-for-100-largest-plans-300185255.html
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