Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
(Telecommute)
ESOP Valuation Writer
Unique ESOP Valuation Provider
(Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



Industry-Specific Mortality Assumptions for Pension Plans
Mercer Link to more items from this source
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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.