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Sarah Murray

FSA, EA, MAAA
Principal & Consulting Actuary
Boise, ID, US

Sarah Murray is a principal and consulting actuary with the Boise, Idaho, office of Milliman. She joined the firm in 2003.

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Experience

Sarah works with private and public employers. She assists clients with many aspects of defined benefit plans, including pension and postretirement actuarial valuations, plan and assumption studies, asset-liability studies, cost projections, nondiscrimination testing, and pension plan terminations. Other areas of experience with defined benefit plans include plan administration and design, plan mergers, drafting amendments, and government filings.

Publications

Read their latest work

Article

Cash balance plans and variable annuity pension plans

10 July 2024 - by Sarah Murray, Mary Markham
We examine why plan sponsors are taking a fresh look at hybrid defined benefit plan designs.
Article

Two designs worth a look for corporate plan sponsors: Cash balance pension plans and Variable Annuity Pension Plans

21 May 2024 - by Sarah Murray
We explore two options for plan sponsors contemplating a potential change in retirement plan design: cash balance and variable annuity pension plans.
Article

Options for excess assets in a pension plan termination

24 October 2023 - by Sarah Murray
Given how higher interest rates have reduced pension liabilities, we run through some considerations and options for managing excess assets in a plan termination.
Article

Is it time to do an experience study? Understanding the need for experience studies with pension plans

02 October 2023 - by Sarah Murray, Kyle Wood
We delve into the significance of experience studies and their key components, including how they help pension plans manage gains and losses.
Article

Settlement accounting

10 May 2022 - by Sarah Murray
When deciding whether or not to terminate a pension plan, the plan sponsor should consider the accounting effects of settling the plan’s obligations.
Article

Benefits Alert: FICA early inclusion for 2020 taxes in non-qualified pension plans

23 October 2020 - by Dominick Pizzano, Sarah Murray
This alert speculates on possible increases in Federal Insurance Contributions Act tax and why there may be interest in the “early inclusion” option under Internal Revenue Code §3121(v) for sponsors of and participants in non-account balance (i.e., defined benefit) non-qualified deferred compensation plans, also commonly referred to as supplemental executive retirement plans or “Top-Hats.”
Article

Millennials and retirement: What do employers need to know?

15 August 2019 - by Casey Baldwin, Craig Glyde, Sarah Murray
Employers may benefit from learning more about Millennials’ changing relationship with retirement planning.
Article

Navigating retirement risks

18 December 2018 - by Kelly Coffing, Ryan Cook, Micah Darnall, Bret Linton, Bruce R. Mitton, Sarah Murray, Arthur Rains-McNally, Stephanie Sent
The retirement benefit is an important component of the benefits package, but most retirement plans are falling short.
Article

Managing FICA taxes in the years ahead

05 November 2012 - by Sarah Murray