During February, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process ticked up from 101.6% to 101.7% of a plan’s accounting liabilities. That means the estimated retiree PRT cost is now 101.7% of a plan’s ABO. The industry saw 794 single-premium contracts for the year, representing almost $52 billion in premiums paid to insurers. As we near the end of Q1 with steady retiree buyout costs and high insurer capacity, plan sponsors may find this is an opportunistic time to pursue PRT projects. 🔗View the complete Milliman Pension Buyout Index by Jake Pringle and Ryan Cook here: https://bit.ly/4c3Vydi #Milliman #MillimanPensionBuyoutIndex #PensionRiskTransfer
