The Internal Revenue Service has released updates to the static mortality tables actuaries use to determine contribution requirements and funding levels of defined benefit pension plans.
The IRS allows plan sponsors to use static mortality tables, which are updated annually, as one of two ways to calculate projected mortality improvements. The use of so-called generational tables is also allowed.
This year’s updated static tables are based on the mortality assumptions determined by the Society of Actuaries in 2000.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
