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Retirement & Benefits Solutions

Public plans

Keeping the retirement promise

Government employers want to provide for retired workers but face challenging markets, changing demographics, and complex financial reporting requirements. Milliman offers industry-leading expertise in public plans. Our data, experience, and tools help you manage costs and risks while maximising benefits to employees.

Solutions

Milliman public plan solutions

Defined benefit consulting

Defined benefit consulting

Unlike the private sector, most state and local governments still offer traditional defined-benefit pension plans. Milliman is dedicated to helping these plans use taxpayer dollars efficiently while providing competitive benefits to attract the best employees. Our dedicated, expert teams assist with forecasting, risk management, communications, and more.

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Insight

Milliman public plan insight

Article

Public Pension Funding Study

The Milliman Public Pension Funding Study annually explores the funded status of the 100 largest U.S. public pension plans.

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Article

The new ASOP 6: Implications for OPEB reporting

A revised version of Actuarial Standard of Practice No. 6 (ASOP 6) requires that actuaries value the “true cost” of providing health benefits. In this issue of PERiScope, we explore the implications.

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Article

GASB 74/75: Impact on small government employers

This article reviews the Alternative Measurement Method, which is used by small government employers in lieu of an actuarial valuation, and discusses the important changes relevant to small government employers as GASB 74/75 takes effect.

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Article

Alternative pension strategies: Tackling the challenges of traditional plan designs

Discover design innovations that help avoid the struggles many traditional pension plans have faced.

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Products

Milliman public plan products

Pension administration & communication

Milliman Actuarial Retirement Calculator (MARC)

Administer defined benefit and cash balance pension plans with one of the industry's leading retirement planning and communication tools.

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GASB 75 compliance

GASBhelp

Comply with GASB 75 requirements through easy-to-answer questions and step-by-step guidance.

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Services

Milliman public plan services

We’re here to help

Ask the tough questions. We’re ready for them.