Pensions
PBGC Updates Rate Tables on Expected Retirement Age, Missing Participants Mortality Assumption
Effective date for the final rule is January 1, 2025.
Lane Clark & Peacock expects UK mortality projections to show longer life expectancies.
Society of Actuaries director hints at opioid crisis, societal issues as cause.
Actuarial study focuses on mortality rates for teachers, safety professionals, and general employees.
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Slight decline in life expectancies may slightly lower pension plan obligations.
Move means plan contributions, PBGC premiums may rise.