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Milliman OPTIC

Milliman Online Projection Tool and Information Center

Projections at your fingertips for your multiemployer pension plan

The challenge

Multiemployer plan complexity makes it tough to look ahead

As a plan trustee, decisions you make today affect the long-term health and stability of the pension plan. With many variables, a challenging investment climate, and extended time horizons, the future is often hazy.

The solution

Explore the financial future of your plan with an intuitive, web-based tool

Using Milliman’s Online Projection Tool and Information Center (OPTIC™), you can see the potential impact of critical decisions before you make them. OPTIC gives you a view of the long-term health of your pension plan through a modern, digital experience that’s easy to use and understand. By projecting assets and liabilities into the future through different scenarios, you gain insights into the plan’s funded status, zone status, withdrawal liability, and risk metrics.

BENEFITS

OPTIC benefits

Gain insights

Review projections developed by your Milliman consultant, or create your own, to better understand how the pension plan may be impacted.

Fulfill fiduciary responsibility

Suggest or implement effective solutions based on up-to-date information.

Centralized documentation

Plan information is consolidated into one easy-to-access repository, including zone certifications, benefit improvement studies, funding projection reports, actuarial valuation reports, withdrawal liability reports, and more.

Access anytime

Find the information you need, whenever you need it—to prepare for meetings, answer participant questions, or prepare for collective bargaining. Explore your plan’s future through a secure web-based interface on any device.

FEATURES

OPTIC features

Customizable projections

Model different scenarios for investment returns, covered hours, and contribution levels. Use for planning purposes, or to answer questions before and during trustee meetings.

Real-time updates

Obtain updated estimates of your plan’s funded percentage, zone status, and outlook throughout the year to improve management in a volatile environment.

Collaboration with your Milliman actuary

Access centralized documents and information, including scenarios and models provided by your actuarial consultant.

Designed for simplicity

Access the same robust data your actuary uses through an easy-to-use tool and powerful graphics. View, create, modify, and save scenarios, then share them as well-formatted printouts.

Experience OPTIC

Model your plan’s future

OPTIC consists of a powerful modeling tool and an information center that places complete documentation at your fingertips.

Review projections

Key plan assumptions and metrics provide insight for planning ahead.

Compare multiple scenarios at once

Answer complex "what if?" questions about future pension plan obligations with virtually unlimited scenario projection.

Access information

Review materials from past meetings, prepare for future ones, or get ready for collective bargaining.

Insight

Milliman multiemployer plan insight

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Article

Life after special financial assistance – withdrawal liability

Multiemployer pension plans receiving special financial assistance should review the latest key changes to the withdrawal liability, among other recent guidance.

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Report

Multiemployer health and welfare fund statistics: 2023 report

Sixth annual Milliman Multiemployer Health and Welfare Study analyzes financial disclosures for multiemployer health and welfare plans, also known as Taft-Hartley plans.

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White paper

Multiemployer health and welfare fund statistics: 2022 report

The fifth annual Milliman Multiemployer Health and Welfare Study analyzes various financial disclosures nationwide for multiemployer health and welfare plans,....

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Article

Guidance issued through FAQs on Coverage for OTC COVID-19 tests

FAQs provide guidance to group health plans regarding coverage of OTC COVID-19 tests without participant cost sharing.
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Article

Consolidated Appropriations Act, 2021, No Surprises Act Interim Final Rule: Summary of requirements and implications for plan sponsors

The No Surprises Act requires plan sponsors to comply with some of the most burdensome tasks since the Affordable Care Act.
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Article

Joint agencies release COVID-19 vaccination and booster dose guidance and coverage considerations

We detail the latest guidance on health insurance incentives and surcharges to encourage COVID-19 vaccinations, among other topics.
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Multiemployer Alert: The American Rescue Plan Act of 2021 – Federal COBRA Subsidy

This Multiemployer Alert provides information regarding the federal COBRA subsidy and its potential effects on plan sponsors and participants.

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Multiemployer Review: American Rescue Plan Act of 2021

In this review, we summarize the provisions of the law that apply to multiemployer defined benefit plans.

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Multiemployer Pension Funding Study: December 2020

Milliman analysis shows aggregate funding levels for multiemployer plans at their highest point since 2007 following turbulent year

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Multiemployer Alert: Congressional activity ramps up for multiemployer pension relief

The challenges facing multiemployer defined benefit plans have received more immediate attention in recent weeks with proposed pension relief legislation being introduced in the House and Senate.

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PRODUCTS

Products related to OPTIC

Pension modeling & analytics

FutureCost

Project pension assets and liabilities into the future to answer complex questions and make data-driven decisions.

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SERVICES

Services related to OPTIC

We’re here to help

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