Suppose that in 2016 or 2017 the IRS decides to mandate the use, for minimum funding and for lump sum calculations, mortality tables based in some fashion on the new Society of Actuaries mortality tables. Does anybody have any comments, yes or no, on what they expect with respect to the following?
1. Will the IRS tables include mortality improvements up to the year to which they apply, with no further mortality improvements for subsequent years (i.e., project mortality for 2018 to 2018 but static thereafter)? Or will the mandated mortality rates involve projected mortality improvements all the way out? The currently mandated tables do not require future mortality improvements for funding and do not involve future mortality improvements for lump sum determinations.
2. Is it safe to assume that the mandated lump sum mortality table will be a 50/50 unisex version of exactly the same sex-distinct mortality tables mandated for minimum funding? That is, both with assumed mortality improvements stopped at the current year or both with assumed mortality improvements all the way out?
Any other thoughts on the subject?