Calculating Generational Mortality Rates

By Daveyne C. Totten • June 17, 2016 • 0 Comments
The idea of using generational mortality rates for valuing pension benefits has been gaining traction in recent years. Many large plans are already using 2-dimensional mortality improvement scales for purposes of FASB accounting, and the IRS appears to be considering including a 2-dimensional mortality improvement scale under IRC Sections 430 and 417, possibly beginning as early as 2017. So, whether we want to or not, it’s probably time for small plan actuaries to start looking at understanding and calculating these rates. To read more, click here.