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Pension risk transfer costs increased in October: Milliman

Posted On: Nov. 18, 2022 9:25 AM CST

During October, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.1% of a plan's total liabilities to 100.8%, according to actuarial consultant Milliman Inc., reports During the same time period, the average annuity purchase cost across all insurers in the Milliman Pension Buyout Index decreased, from 103.1% to 102.9%.