Practice Management
The monthly increase was the first since March, according to a recent report from Milliman.
More specifically, the average accounting discount rates fell by 11 basis points (bps) and annuity purchase rates decreased by 18 bps, according to Milliman. As a result, the estimated retiree buyout cost as a percentage of accounting liability—that is, accumulated benefit obligation—to increase by 70 bps, from 103.9% to 104.6%.
The June results are different from those in the previous two months.
The June results are different from those in the previous two months.
| Month | Estimated Retiree Cost as a Percentage of Accounting Liability | Change from Previous Month | Change in Average Accounting Discount Rates from Previous Month | Change in Annuity Purchase Rates from Previous Month |
| June | 104.6% | +0.7 percentage points | -11 bps | -18 bps |
| May | 103.9% | -1.6 percentage points | -27 bps | -10 bps |
| April | 105.5% | -0.2 percentage points | -56 bps | -51 bps |
| March | 105.7% | +0.2 percentage points | +80 bps | +71 bps |
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