PENSION MODELING, MONITORING & ANALYTICS

Milliman FutureCost

Envision tomorrow’s outcomes and make smart decisions today.

Milliman FutureCost

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.

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.

A view of a Milliman Daily Pension Tracker graph.

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.

Flexible Projections

Choose the approaches that work for your business

A graph with a deterministic projection.

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

A floating bar chart with a stochastic projection.

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?

Insight

Related insight

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.

Read the article

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.

Read the article

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.

Read the story

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

PRODUCTS

Products related to FutureCost

Pension Funding & FAS Reporting

Pension Performance Dashboard

A complete solution for analyzing unpaid claims liabilities, combining our industry-leading stochastic modeling tools with a robust suite of deterministic reserving tools.

Learn more

Pension Plan Management

Milliman Daily Pension Tracker

The Milliman Daily Pension Tracker provides an accurate diagnosis of pension plans daily, allowing for plan sponsors to make prompt investment decisions to de-risk pension liability.

Learn more

Online projection tool and information center

Milliman OPTIC

Projections at your fingertips for your multiemployer pension plan.

Learn more

Services

Milliman FutureCost