Page 15 - Milliman Inc News Today

Share this article Share this article SEATTLE, April 15, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. March was a great month for corporate pensions, with the funded status of plans improving by $62 billion, thanks to a 24-basis-point increase in the monthly discount rate, from Februarys 2.88% to 3.12% as of March 31. As a r...

Share this article Share this article SEATTLE, April 7, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2021 Corporate Pension Funding Study (PFS), which analyzes the 100 largest U.S. corporate pension plans. This marks the 21 st consecutive year in which the report has been published. In 2020, despite a 67-basis-point decline in the discount rate, the funded ratio for the Milliman 100 plans climbed slightly, from 87.5% at...

Share this article SEATTLE, April 6, 2021 /PRNewswire/ -- Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that its Long-Term Care Advanced Risk Analytics (LARA) group has formed a strategic alliance with The Helper Bees, a care concierge program, to offer an innovative long-term care (LTC) solution to payers and plan sponsors. Because of the time that elapses between LTC policy purchase and claims filed, LTCI carriers frequently know little about thei...

Milliman analysis: Competitive pricing rate for pension risk transfer costs drops to 99.3% in February PR Newswire SEATTLE, March 16, 2021 /PRNewswire/ -- 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 ob...

NTAM Increases Services for Minority Brokers Northern Trust Asset Management (NTAM) is increasing its trade execution services commitment to broker-dealers owned by minorities, women, veterans or people with disabilities. The execution target for its Minority Brokerage Program is increasing in March from 10% to 15% of equity security trading commissions in certain commingled funds. NTAM started its Minority Brokerage Program in 2007 and in 2018 instituted a 10% trading target for participating ...

Share this article Share this article SEATTLE, March 8, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In February, corporate pension funding improved by $67 billion thanks to a 26-basis-point increase in the monthly discount rate, from Januarys 2.62% to 2.88% as of February 28. As a result, the funded status deficit dr...

email article WASHINGTON -- The Centers for Medicare & Medicaid Services (CMS) should reduce its portfolio of alternative payment models, according to a draft recommendation released by the Medicare Payment Advisory Commission (MedPAC). "I think theres merit in streamlining the models," commission member Brian DeBusk, PhD, CEO of DeRoyal Industries in Powell, Tennessee, said Thursday at MedPACs March meeting. Medicare "might welcome the relief; Im sure they get pressed from a lot of dif...

General Electric made headlines a few years ago when it announced it was relocating its corporate headquarters from Fairfield to Boston. The move was a blow to the state, mostly impacting jobs in Fairfield County, where GE has the majority of its Connecticut operations. But the company also has a lesser-known presence in Greater Hartford. Its energy technology business GE Power occupies the majority of space in a 142,831-square-foot corporate office building in Windsor, at 200 Great Pond Drive.

Milliman acquires McHugh Consulting Resources, expands insurance compliance expertise PR Newswire Milliman, Inc., the premier global consulting and actuarial firm, today announced the acquisition of McHugh Consulting Resources, Inc., a leading provider of outsourced insurance compliance and regulatory services. The addition of the McHugh team solidifies Millimans position as the countrys leading life and health insurance compliance service provider, capable of helping clients navigate federal ...

San Diego, Calif.-based ICW Group Insurance Cos. has named Iva Yuan vice president, product and pricing. Yuan will oversee the strategic direction of its