Milliman analysis: Flat returns for multiemployer pensions in first half of 2018 dampen funding progress
The drop in funded ratio is largely due to lackluster performance by investment returns, which were flat through the first six months of 2018. Milliman's simplified portfolio earned about 0.2% for the first half of the year, well below the 3% to 4% assumed rate of return for most plans and in stark contrast to the 16% aggregate return experienced in 2017.
"We've said it before and we'll say it again: the funded status of multiemployer pensions is primarily driven by investment performance," says
As of
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 milliman.com.
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