Does anyone know about the 71 TPF&C mortality table?

[Gary]

I have seen plans that use the 71 TPF&C mortality table and then I saw a Plan that uses the 71 TPF&C Forecast Mortality table for males.

Does anyone know of there being two different mortality tables or are they really the same table, but one uses a more detailed title?

gary

[Guest]

I don't know if they are the same or not,but I can send you the q's for the 1971 TPF&C. If you can find anything labelled "Forecast" or "Projected" you could then compare them. Try the Society of Actuaries site,www.soa.org and click on Table Manager. They have dozens of tables.

[MGB]

There was only one table. It was the 71GAM with the percentage loading backed out, forecasted with a projection scale to another date...I think around '80. The official name included the word forecast.

I am very surprised that a plan document would refer to a proprietary table only used by one consulting firm.

It is not in the SOA site's table manager.

[Gary]

No, it is not in the SOA table manager.

I have had the 71TPFC table for a while. And then a company sent me their 71TPFC Forecast table and it was significantly different than the one I have (it was more aggressive).

I'm a bit puzzled at this point.

Thank you,

Gary

[david rigby]

I'm not sure it is proprietary. At any rate, it is the 71GAM projected to 1980, but I'm not sure of the projection parameters. In theory, there are other tables with different projection dates.

I have a table that I think is the right one. I'll see if I can locate a copy and email it to you.

[RCK]

Gary, having read this thread, I'm not sure if two points are clear. If you already knew--don't be insulted. TPF&C is Towers, Perrin, Forster and Crosby (I think), and although they probably did not do all the research to create their own table, they probably did their own adjustments to some industry ataqndard table. Forecast means that they have projected improvements in mortality. So a 1971 table would have been based on earlier mortality, but adjusted to represent mortality as of 1971. For many purposes, it is then more appropriate to project improvements in mortality for a given number of years, such as to 1980.

[david rigby]

Here is the table I mentioned above. Please note that it is not guaranteed to be the 1971 table projected to 1980, only that its filename leads me to think that. I have not verified any projection.

[Guest chordbender]

I'm pretty sure it is the GA71 (male) table divided by .93 to eliminate the Group Annuity load (1% of which unfortunately was to account for misreported deaths & not a load but whatever). Those Qs were generally projected 5 years to 1976 by scale D (male). These Qs are then projected [using 1.5 times Scale E minus .5 times Scale D] by 1 extra year @ 56, 2 @ 57, etc. until there is an extra 10-year projection which is then used for the rest of the table. Sort of “near-term generational.” I just had to divine this since a description of Qs I received did not match the mystery Qs that accompanied the description (we have a table finder that discovered that they were based on this TPF&C table). Try it yourself.