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Seattle—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. In April, these pensions experienced a $20 billion improvement in funded status thanks to an increase in the corporate bond rates used to measure pension liabilities. From March 31, 2018 through April 30th, the monthly discount rate increased 12 basis points, from 3.91% to 4.03%; as a result, pension liabilities decreased by $26 billion for the month. The funded ratio for the PFI plans increased from 90.6% to 91.6%, despite a 0.11% investment loss that reduced index assets by $6 billion.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the 2018 first quarter results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans. In Q1, these plans experienced a $93 billion loss in funding, largely resulting from volatile equity markets that produced an aggregate -0.75% investment return for these plans. In comparison, the PPFI investment return for 2017 Q4 was 3.24%. From January 1, 2018 to March 31, 2018, the PPFI pensions saw their funded status drop from 73.1% to 71.4%.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its Spring 2018 Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer pension plans in the United States. As of December 31, 2017, the plans achieved an aggregate funded ratio of 83%, the highest since the market collapse in 2008; a decade ago, the aggregate funded ratio of all multiemployer plans stood at 85%.

Seattle—Milliman, Inc., one of the premier global consulting, actuarial, and benefit administration firms, today announced it has added the International Union of Operating Engineers (IUOE) Local 25, Marine Division, as a defined contribution client. IUOE Local 25, Marine Division, covers approximately 2,000 participants in the dredging industry from Maine to Florida.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2018 Corporate Pension Funding Study (PFS), which analyzes the 100 largest U.S. corporate pension plans. Overall, this year’s study found that in 2017 corporate pension contributions hit $62 billion, tying the amount contributed in 2012 for the highest contributions since the inception of the PFS. Seventeen employers contributed at least $1 billion to their plans, with seven of them contributing more than $2 billion.

Seattle—Milliman, Inc., one of the premier actuarial, consulting, and benefits administration firms, is pleased to announce that it is the recipient of a PLANSPONSOR “Silver” award for excellence in the publication’s 2017 Defined Contribution (DC) Survey. The annual survey catalogued nearly 3,500 responses from defined contribution plan sponsors nationwide, who were asked how satisfied they were with their provider.

Seattle—Milliman, Inc., a leading global provider of actuarial, risk management, and technology solutions, today announced that gradient A.I., a Milliman predictive analytics platform, now offers a professional employer organization (PEO)-specific solution for managing workers’ compensation risk.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the addition of Property & Casualty expertise in its Tampa office, in response to the growing demand for the firm’s property insurance analytics. As domestic property insurers expand up and down the Atlantic and Gulf coasts, the new Tampa P&C presence demonstrates Milliman’s continued commitment to the region and its growing insurance market.

Seattle—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. Despite the market volatility in February, these pensions experienced a $13 billion improvement in funded status thanks to an increase in the corporate bond rates used to measure pension liabilities. While the market value of assets for these pensions lost $32 billion in February, plan liabilities also shrunk, narrowing the deficit from $219 billion at the end of January to $206 billion as of February 28. The funded ratio for the Milliman 100 PFI rose from 87.3% to 87.7% during the same time period.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that Samie Moore is joining the company’s Health & Welfare group as an end-to-end life, absence, and disability (LAD) consultant. Moore, formerly of Mercer and Hewitt, is a nationally recognized expert in LAD with 14 years’ industry experience consulting to Fortune 500 companies, with deep subject matter expertise in Family Medical Leave (FML), vacation, Paid Time Off (PTO), disability and parental leave.

Seattle—Milliman, Inc., a leading global provider of actuarial, risk management, and technology solutions, today announced that the firm’s MedInsight Health Waste Calculator – a leading analytic platform that provides actionable data around healthcare quality, efficiency, and effectiveness – was featured in Health Affairs’ third most-read article of 2017. The article, “Low-Cost, High-Volume Health Services Contribute The Most To Unnecessary Health Spending,” highlights the Commonwealth of Virginia’s use of the MedInsight Health Waste Calculator, which found more than $586 million in unnecessary costs in the Virginia All-Payer Claims Database.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that the firm’s second annual Milliman Opportunity Scholarship application period is now open and accepting entrants. The Milliman Opportunity Scholarship assists students from ethnic groups and races that are under-represented in the fields of actuarial science, data science, computer science, economics, programming, mathematics, statistics, data analytics, or finance.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the 2017 fourth quarter results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans. In Q4, these plans experienced a $60 billion improvement in funded status, the result of the continued robust trend in equity returns in 2017.

Seattle—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. While market movement in February may dampen January’s gains, during the first month of 2018 corporate pensions’ experienced their largest funded status improvement in over a year.

Seattle—Milliman, Inc., a leading global provider of actuarial, risk management, and technology solutions, today announced the launch of gradient A.I. (formerly MillimanMAX), an advanced analytics platform that uncovers hidden patterns in big data in order to improve workers’ compensation claims management. gradient A.I. is a transformative InsurTech technology built on the latest advanced techniques and artificial intelligence, and delivers a daily decision support system (DSS) for insurers and self-insurers.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, recently released the results of a new broad-based survey on term life insurance, capturing historical data for key industry competitors as well as company perspectives on a range of issues pertaining to these products into the future. The Term Life Insurance Issues report is based on a survey of 40 term insurance companies. It includes detailed information on underwriting trends and other product and actuarial issues such as sales from calendar years 2013 to 2016, profit measures, target surplus, reserves, risk management, product design, compensation, and pricing.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that Arius®, Milliman’s advanced analytics loss reserving software for insurers and reinsurers, was named “Best reserving solution” in the 2017 InsuranceERM awards. Senior industry experts from across Europe and the U.K. served as judges for the award.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the year-end results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During 2017, despite superb investment gains, these pensions experienced an overall $2 billion decrease in funded status due to a decline in the corporate bond rates used to measure pension liabilities. In December, the Milliman 100 PFI discount rate fell 46 basis points to 3.53%, marking the lowest year-end discount rate and fifth-lowest monthly discount rate in the PFI’s 17-year history.

Milliman, Inc., a premier global consulting and actuarial firm, today announced the release of Arius® Enterprise, the next generation of advanced analytics software for loss reserving for the insurance and reinsurance industry.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the third quarter results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans. In Q3 2017, these plans experienced a $36 billion improvement as a result of strong investment performance. In aggregate, these plans saw investment returns of 2.97%, with a spread ranging from a low of 1.63% to a high of 3.83%.