The Society of Actuaries has released its most recent mortalityresearch, which finds that proposed changes to the IRS mortality tables would have a negativeeffect on the funding requirements for single-employer pensionplans.
The IRS issued proposed updated mortality tables in Decemberof 2016 that would begin in 2018 for minimum funding requirementsfor single-employer defined benefit pension plans.
But the SOA report finds that the proposed changes will increase pensionliabilities and reduce funded status in the near term. While theeffect on individual plans may differ, the report says, the studyestimates the impact of the proposed change on the single-employerpension system as a whole.
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