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| Competitive Pricing Rate for Pension Risk Transfer Costs Decreased in May Milliman  June 28, 2021 "During May, the average estimated cost to transfer retiree pension risk to an insurer dropped, from 102.4% of a plan's total liabilities to 102.0% of those liabilities. This means the average estimated retiree PRT cost for the month is now 2.0% more than those plans' retiree accumulated benefit obligation (ABO). Meanwhile annuity purchase costs reflecting competition amongst insurers also decreased, from 100.1% in April to 99.7% in May." |
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