David Stoddard, FSA, MAAA Consulting Actuary

How much reserve should be held in net assets?
Features, Finance, Law and Politics, New York

How much reserve should be held in net assets?

Factors to consider when determining the appropriate level of surplus In a recent Milliman report entitled “Status of collectively bargained benefits: Multiemployer health and welfare fund statistics,” Milliman analyzed the 2016 financial disclosures of 705 multiemployer health and welfare funds. One of the more interesting statistics analyzed was net assets (shown as months of total…