Latest news with #BeckySielmanMilliman
Yahoo
30-05-2025
- Business
- Yahoo
Milliman analysis: Public pension funding stable in April after plans end volatile month with slight market gain
Milliman PPFI funded ratio rises 10 basis points to 79.6% as of April 30 SEATTLE, May 30, 2025--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation's 100 largest public defined benefit plans. Despite April market swings caused by trade and tariff uncertainty, the Milliman 100 PPFI plans closed the month with estimated investment gains of 0.4% in aggregate. Individual plans' estimated returns ranged from -1.8% to 1.4%. Combined, the plans added about $24 billion in market value during the period, rising to $5.213 trillion as of April 30. Meanwhile, the deficit between plan assets and liabilities was unchanged since March at $1.340 trillion. The PPFI funded ratio rose from 79.5% as of March 31 to 79.6% as of April 30. "After significant market fluctuations caused by trade policy announcements, it was somewhat surprising to see the public pension funded status inch upward during April," said Becky Sielman, co-author of the Milliman PPFI. "By the end of the month, 25 plans were still more than 90% funded and 12 plans were less than 60% funded, the same breakdown observed in March—demonstrating that public pensions are well-positioned to withstand turbulent markets." Read this month's complete Public Pension Funding Index or Milliman's full range of annual Pension Funding Studies. To receive regular updates of Milliman's pension funding analysis, contact us at pensionfunding@ About Milliman Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at View source version on Contacts Becky SielmanMilliman, +1 860 687 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-04-2025
- Business
- Yahoo
Milliman analysis: Public pension funded ratio drops to 79.5% in March
Monthly investment returns of -1.6% erode $107 billion in funded status for Milliman PPFI plans SEATTLE, April 18, 2025--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation's 100 largest public defined benefit plans. After two months of stability, the Milliman 100 PPFI funded ratio fell in March from 81.1% as of February 28 to 79.5% as of March 31. Trade and tariff uncertainty drove this result, as the plans experienced estimated aggregate monthly returns of -1.6%. Individual plans' returns ranged from -3.1% to -0.1%. Investment losses erased $83 billion in combined market value and left the PPFI plans with $5.198 trillion in assets as of March 31. Meanwhile plan liabilities grew during the month, from $6.523 trillion at the end of February to $6.538 trillion at the end of March. This caused the gap between plan assets and liabilities to expand from $1.233 trillion at the beginning of March to $1.340 trillion as of March 31. "Market volatility during March pushed five plans below the 90% funding mark, leaving only 25 plans above this key threshold," said Becky Sielman, co-author of Milliman's PPFI. "Still, on the lower end of the spectrum, only 12 plans are less than 60% funded, compared to 11 last month, in an optimistic sign for the overall health of public pensions." Read this month's complete Public Pension Funding Index or Milliman's full range of annual Pension Funding Studies. To receive regular updates of Milliman's pension funding analysis, contact us at pensionfunding@ About Milliman Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at View source version on Contacts Becky SielmanMilliman, +1 860 687
Yahoo
20-03-2025
- Business
- Yahoo
Milliman analysis: Public pension plans maintain 81.1% funded ratio in February
Milliman PPFI plans' monthly investment gains match rise in plan liabilities SEATTLE, March 20, 2025--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation's 100 largest public defined benefit plans. Estimated aggregate market returns in February of 0.3% left the Milliman 100 PPFI funded ratio at 81.1%, unchanged from January. Individual plans' estimated returns ranged from -0.3% to 2.1% during the period, while the value of plan assets rose from $5.281 trillion as of January 31 to $5.290 trillion as of February 28. Plan liabilities also rose during the month, from $6.508 trillion at the end of January to $6.523 trillion at the end of February, slightly widening the deficit between assets and liabilities from $1.227 trillion on January 31 to $1.233 trillion as of February 28. "February's subdued market gains caused one plan to slip below the 90% funded mark at the end of the month," said Becky Sielman, co-author of Milliman's PPFI. "Thirty plans now stand above this benchmark, while 11 remain less than 60% funded. Still, the plans' continued funded ratio of 81.1% is just shy of the highest level seen in three years in a sign of stability for public pensions." For more information, and to view the full Milliman 100 Public Pension Funding Index, go to To see Milliman's full range of annual Pension Funding Studies, go to To receive regular updates of Milliman's pension funding analysis, contact us at pensionfunding@ About Milliman Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at View source version on Contacts Becky SielmanMilliman, +1 860 687 Sign in to access your portfolio
