PENSION MODELING, MONITORING & ANALYTICS

Milliman FutureCost

Envision tomorrow’s outcomes and make smart decisions today.

Milliman FutureCost

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Overview

Unlock the future impact of your decisions

Manage short- and long-term plan sponsorship risk, understand volatility in costs and financial measures, and project long-term contribution needs with Milliman FutureCost™, a robust, web-based solution.

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Benefits

Get the insights you need to effectively manage your plan

Quickly and conveniently project the assets and liabilities of retirement and other post-employment benefits (OPEB) plans into the future based on a wide range of variables. Understand plan contribution requirements, funded status, accounting expense, balance sheet impacts, and more. FutureCost offers both deterministic and stochastic modeling approaches to give our clients a full suite of projection capabilities.

Stay in the know with Milliman Daily Pension Tracker

Get daily updates via email, text, or online dashboard that help you respond effectively to market trends and support liability-driven investment strategies. You’ll always have up-to-date information to support effective asset allocation and volatility management.

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Flexible Projections

Choose the approaches that work for your business

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Deterministic Projections

Project any “what-if” scenario you can imagine based on variables including…

Discount rates
Asset returns
Investment strategies
Contribution strategies
Benefit design
Covered populations

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Stochastic Projections

Understand plan volatility and answer questions such as…

What is the impact on the volatility of my plan by changing the investment allocation?
How will switching to a glide path change the range of outcomes for my plan?
What is the probability that my plan’s funded status will be above or below a key level? How does my plan’s funding and investment policy impact that probability?
When can I terminate my plan? How do the decisions I make today impact my path to termination?
How does a lump sum window or annuity purchase impact my plan?

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Insight

Related insight

Article

Is it time to terminate your corporate pension plan?

Considerations and next steps for plan sponsors thinking of de-risking a defined benefit plan

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article

Why should projections matter to pension plan sponsors

Good governance by a plan sponsor involves not only knowing where a pension stands today, but also where it may be going.

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Article

Deterministic vs. Stochastic models: A guide to forecasting for pension plan sponsors

The results of a stochastic forecast can lead to a significant increase in understanding of the risk and volatility facing a plan compared to other models.

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Article

Is your pension plan ready to terminate?

For plan sponsors that have resolved to terminate their plans, they typically turn their attention to two important factors: financial and operational readiness.

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Research

Annual Corporate Pension Funding Study

As markets and regulations shift, corporate defined benefit pension plan funding can fluctuate from year to year. Monitor these changes with our monthly and annual research.

Read the study

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PRODUCTS

Products related to FutureCost

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Services

Services related to FutureCost

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Contact a FutureCost expert

We’re passionate about partnering with people to solve complex problems. Let’s chat about what’s going on with your business, and how we can help.