With financial management being a top priority of retirement plan boards, an experience study can be a vital tool for the successful financial plan management of a pension. Here are two important questions plan sponsors should consider: What is the purpose of an experience study? And what benefits can it provide my pension plan? Milliman’s latest Dear Actuary column provides some perspective.
Many pension plan sponsors are looking to make sure their funding policies are appropriate and sustainable. What are some options for amortizing unfunded liability? This Dear Actuary column highlights three distinct approaches: open amortization, closed amortization, and layered amortization.
When faced with rising pension costs, many public pension plan sponsors are pressured to freeze plan benefits. However, a look into five key pension plan provisions that are the biggest drivers of pension costs can help sponsors set sustainable levels of benefits. This Dear Actuary column provides perspective.
How will the decline in the financial markets affect pension contributions? While the decline is not good news for pension plans, the impact may not be as significant as sponsors may think. This column explores that question and outlines three ways to smooth a plan’s assets.