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Pension modeling, monitoring & analytics

FutureCost

Envision tomorrow’s outcomes and make smart decisions today
Overview

Unlock the future impact of your decisions

FutureCost™ is a suite of robust, web-based tools designed for organizations that are faced with the short- and long-term risk inherent in plan sponsorship, volatility in key costs and financial measures, and long-term contribution needs.

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.

Project any “what-if” scenario you can imagine

  • What if liability discount rates fluctuate?
  • What if asset returns are different than expected?
  • What if we make an investment strategy change?
  • What if we come up with a different contribution strategy?
  • What if we make a benefit change?
  • What if the covered population changes?

Ready to share

FutureCost stores and saves important plan-related information like plan documents or actuarial valuation reports for future reference in one convenient location.

Best of all, FutureCost makes even the most complex results easy to understand, in a clean, fresh interface, with output that’s easy to share with your executive team.

Customize and run projections in advance of key internal meetings, incorporating charts and graphs from FutureCost into presentations. Use FutureCost to model scenarios in real time for future discount rates, inflation, investment returns, and contribution patterns.

Want to learn more about FutureCost?

Flexible Projections

Choose the approaches that work for your business

Insight

Industry insight

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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.

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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.

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Article

2019 Corporate Pension Funding Study

Despite investment losses of 2.8%— the worst asset performance since 2008—the private single-employer defined benefit plans of the Milliman 100 companies continued to make funding improvements in 2018.

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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.

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GASB Compliance

GASBhelp

GASBhelp™ is an online tool that provides an accurate, low-cost method of valuing non-pension post-employment benefits for organizations that are required to comply with GASB 74 or 75 and that have fewer than 100 plan members.

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Services

Services related to FutureCost

Resources

FutureCost resources

Index

Pension Funding Index November 2019

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Contact a FutureCost expert

We’re passionate about partnering with people to solve complex problems. Let’s chat about what’s going on with your business, and how we can help.