Skip to main content
Pension modelling, 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 corporations, multiemployer plan sponsors, and public plan entities 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.

Benefits

Ask tough questions. Expect good answers.

FutureCost projects the assets and liabilities of a retirement plan into the future, providing key insights into plan contribution requirements, funded status, accounting expense, and potential impacts to your balance sheet.

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?

Daily updates to your phone

Estimate daily discount rates, funded status, and various projections sent via email or text message to you or as many team members as you’d like. These estimates and projections are also accessible on the web.

Daily updates give you the power to reallocate assets at opportune times, be notified of unexpected future requirements, and closely track the status your defined benefit plan(s).

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.

Customise 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?

Insight

Industry insight

Resource Card Placeholder
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 storyNavigation Arrow
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.

Read the studyNavigation Arrow
CRITICAL POINT PODCAST

Episode 16: How pensions in America have changed (and should change again)

The American pension plan is in flux, but not for the first time in U.S. history; this episode discusses why it’s a turbulent time for retirement security and what the next generation of pension plans could – and should – look like.
Listen nowNavigation Arrow
Related Products

Products related to FutureCost

Pension Funding & FAS Reporting

Pension Performance Dashboard

A complete solution for analysing unpaid claims liabilities, combining our industry-leading stochastic modelling 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
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.

Learn more
Services

Services related to FutureCost

Resources

FutureCost resources

Index

Pension Funding Index November 2019

Download PDFDownload

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.