
Ryan Cook
FSA, EA, CERA, MAAA
Consulting Actuary
Boise, ID, US
Ryan Cook is the lead and co-lead actuarial consultant for over a dozen clients at Milliman, including single-employer corporate pension and OPEB plans and public pension and OPEB plans.
Experience
Client Projects
- Funding valuations (PPA, PBGC, VEBA, and ADC)
- Accounting valuations (ASC 715/960 and GASB 67/68/73/74/75)
- Government filings (Forms 5500, PBGC Forms 10, and PBGC premium filings)
- Experience studies
- Deterministic and stochastic projections
- Plan change/design studies
- Plan de-risking studies
- Plan terminations
- Benefit calculations
Other Work
- Serve as co-lead actuary in the development of Milliman's online projection tool
- Develop and manage various firmwide Excel-based tools
- Serve as ProVal expert within Milliman
- Conduct firmwide training sessions
Publications and Presentations
- Article: IBM saves billions by reopening its pension plan – Could other companies do the same?
- Monthly publications of the Milliman Pension Buyout Index
- Assist with annual publications of the Corporate Pension Funding Study and monthly publications of the Corporate Pension Funding Index
- Podcast: Could pensions save big this year? Experts weigh in on 2023 PBGC premiums
- Article: Should you switch to the standard method to calculate your 2023 PBGC premiums?
- Article: What made 2021 such a big year for pension risk transfers?
- Article: How the American Rescue Plan Act of 2021 can impact corporate pension plans: Four case studies
- Article: Navigating retirement risks
Professional Designations
- Fellow of the Society of Actuaries (FSA)
- Member of the American Academy of Actuaries (MAAA)
- Enrolled Actuary (EA)
- Certified Enterprise Risk Analyst (CERA)
Education
- Bachelor of Science in Mathematics from the University of Idaho
Publications
Read their latest work
Article
Milliman Pension Buyout Index January 2026
27 January 2026 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, increased by 20 bps from 100.1% to 100.3% during December.
Article
Milliman Pension Buyout Index December 2025
18 December 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, stayed level at 100.1% during November.
Article
Milliman Pension Buyout Index November 2025
18 November 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 40 bps from 100.5% to 100.1% during October.
Article
Milliman Pension Buyout Index October 2025
23 October 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, increased by 50 bps from 100.0% to 100.5% during September.
Article
Milliman Pension Buyout Index September 2025
15 September 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 10 bps from 100.1% to 100.0% during August.
Article
Milliman Pension Buyout Index August 2025
25 August 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 10 bps from 100.2% to 100.1% during July.
Article
Milliman Pension Buyout Index July 2025
22 July 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 60 bps from 100.8% to 100.2% during June.
Article
Milliman Pension Buyout Index June 2025
19 June 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 300 bps from 101.1% to 100.8% during May
Article
Milliman Pension Buyout Index May 2025
22 May 2025 - by Jake Pringle, Ryan Cook
Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 140 bps from 102.5% to 101.1% during April.
Article
2025 Corporate Pension Funding Study
30 April 2025 - by Zorast Wadia, Alan Perry, Ryan Cook
The funded percentage of the 100 largest corporate pension plans entered surplus territory in 2024, fueled by higher discount rates.