2017 mortality - effect on annuities

[SoCalActuary]

Has anyone matched the apr rates for 2016 vs 2017 at age 62 assuming a lump sum at 5.5% or at 5%?

Not being lazy, but I have not loaded the new tables yet.

[SoCalActuary]

Well, it looks like $2.688 million for lump sum at 62 at full dollar limit after loading the new tables and using the $215,000 limit, $2.513 million at 65, and $2.888 million at age 68. I did not check the monthly values between whole ages.

[Calavera]

Matching 62 and 65. Got $2.92 million at age 68 as $215,000 * 1.05^3 * (12.1996 / 11.2637) * 10.8318

[My 2 cents]

Based on my understanding, the net effect on the liability of going from the mandated 2016 417(e) table to the mandated 2017 417(e) table should be a very small increase (something like 0.2%). Is that what you are seeing?

[SoCalActuary]

Calavera, did you limit benefit to 100% of 2017 avg pay?

[Mike Preston]

Duffer...I match your numbers in post #2, applying the limit of post #5.

[Calavera]

Of course I didn't (but you knew it already didn't you). $2.888 at 68 is good.