Milliman experts use their more than 400 years of combined experience to provide comprehensive services to public-plan administrators. We consult on investment policy, asset allocation, investment structure, performance measurement, manager evaluation, and vendor search.

We serve many public plans on retainer, with assets ranging from less than $50 million to multibillions.

Sound advice for a changing industry

Milliman experts are experienced in designing and implementing creative solutions for emerging rules in areas such as:

• strategies for meeting aggressive actuarial interest-rate targets
• funding retiree medical benefits
• asset-growth investing
• liability-based investing
• alternative investments
• new trends in investment style

Much is expected of public plans—they must make substantial returns on their investments while still safeguarding pension fund assets. Milliman excels in guiding clients on strategies to achieve this difficult balance.

Asset-allocation study leads to improved returns

For one existing client, a recent asset-allocation study led to our recommendation for an increase in overall aggressiveness in search of higher returns. Milliman then helped the client identify a number of less-traditional investments—including infrastructure, lower-quality mortgages, and both value-added and opportunistic real estate—that added substantially to return.