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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 maximizing 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

A public benefit plan sponsor’s guide to GASB Statement No. 101: Compensated absences

We discuss key considerations for public benefit plans on GASB Statement No. 101, involving recognition and measurement of liabilities for compensated absences.

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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

Public Pension Funding Index

Quarterly updates on the estimated funded status of the 100 largest U.S. public pension plans.

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Article

Public pension plan funding policy: Implications for revised ASOP 4

In public pension plan funding, amortization methods with short rolling periods better meet the intent of revised Actuarial Standard of Practice No. 4 (ASOP 4).

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Products

Milliman public plan products

Pension administration and communication
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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IFRS readiness and GASB75 compliance
GASB 75 compliance

GASBhelp

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

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IFRS readiness and GASB75 compliance
Employee benefits

Milliman HigherEDGE

Design your institution’s employee benefits to achieve your objectives in a competitive marketplace. Milliman HigherEDGE™ is a benefits assessment and benchmarking report focused exclusively on higher education.

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Services

Milliman public plan services

We’re here to help

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