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Regional Vice President, Sales MAP Retirement USA LLC
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Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
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Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
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Anchor 3(16) Fiduciary Solutions
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New Mortality Table Recommended by Society of Actuaries
October Three Consulting 
Apr. 22, 2014 "The most significant piece of [Exposure Draft RP-2014] is the new set of generational mortality tables. These tables reflect significant improvement in mortality relative to the rates in the current regulatory framework (RP-2000 plus Mortality Improvement Scale AA). To put that in English: the conclusion of the [Society of Actuaries] is that the current rules significantly understate how long DB plan participants will live because they do not reflect changes (improvements) in life expectancy that have happened since Scale AA was published." MORE >> |
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