New Mortality Tables for Public Plans – Teachers Do Not Live Forever

The Society of Actuaries (SOA) has published new mortality tables for use with public pension plans. The new tables, which have been the subject of many media reports, would increase the plan liabilities for some public plans as measured by actuaries if they are actually implemented versus the table...

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Bibliographic Details
Published inJournal of pension benefits Vol. 27; no. 2; pp. 13 - 20
Main Author Holland, James E
Format Journal Article
LanguageEnglish
Published New York Aspen Publishers, Inc 01.01.2020
Subjects
Calendars
Employees
Exposure drafts
Gender
Life insurance
Mortality
Pension plans
Public safety
Public sector
Retirees
Retirement plans
Teachers
Workers with disabilities
United States > US
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Summary:The Society of Actuaries (SOA) has published new mortality tables for use with public pension plans. The new tables, which have been the subject of many media reports, would increase the plan liabilities for some public plans as measured by actuaries if they are actually implemented versus the tables generally in use currently. This article reviews the SOA report, the new tables, and provides some insights to their possible impact on public pension plans.
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ISSN:1069-4064