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The Impact of Aggregate Mortality Rise on Defined Benefit Pension Plans (PDF)
Center for Retirement Research [CRR] at Boston College 
Dec. 8, 2006 Excerpt: We calculate the risk faced by defined benefit plan providers arising from uncertain aggregate mortality -- the risk that the average participant will live longer than expected. First, comparing the widely cited Lee-Carter model to industry benchmarks, we show that plan providers appear to substantially underestimate the longevity of their employees. MORE >> |
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