The Society ofActuaries’ newly updated mortality tables show reduced presumedlife expectancies for today’s 65-year olds,which could lighten defined benefit plan sponsors’ fundingliabilities.

By incorporating three additional years of data on total U.S.population mortality rates, the SOA now says the average65 year-old male will live to be 85.8 years, down from last year’sprojection of 86.2 years, and the average female can expect to liveto be 87.8 years, down from last year’s projection of 88.2.

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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.