Defined Contribution Account Manager Nova 401(k) Associates
|
Pollard & Associates
|
Greenline Wealth Management
|
Fringe Benefit Group
|
New York City District Council of Carpenters Benefit Funds
|
July Business Services
|
Retirement Solutions Specialists
|
July Business Services
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
Great Lakes Pension Associates, Inc.
|
Retirement Planners and Administrators (RPA)
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
Regional Sales Director (West) July Business Services
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Industry-Specific Mortality Assumptions for Pension Plans
Mercer Dec. 15, 2014
"Some DB plan sponsors may benefit by as much as 10% by adopting industry-specific mortality assumptions instead of the new Society of Actuaries (SOA) mortality tables... The following three [industry groupings] have higher mortality rates than the overall new SOA life expectancy assumptions: Consumer goods and food and drink -- 9.5% higher mortality rates; Auto, transportation and industrial goods -- 7% higher mortality rates; Basic materials, paper and packaging -- 4.5% higher mortality rates. Industries with lower mortality experience than the SOA assumptions ... include Healthcare and Hospitals (4.75% lower mortality rates), as well as Banking, Finance and Insurance (3.25% lower mortality rates). Companies in the Chemicals, Oil & Gas and Utilities Industries showed similar mortality rates to the SOA tables."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |