Milliman analysis: Competitive pension risk transfer costs decrease from 101.8% to 100.5% in December
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. “Retiree buyout costs open 2024 at their lowest level in almost six months--despite another sizable drop in accounting discount rates” During December, the estimated cost to transfer...