The Society of Actuaries has released its most recent mortality research, which finds that proposed changes to the IRS mortality tables would have a negative effect on the funding requirements for single-employer pension plans.
The IRS issued proposed updated mortality tables in December of 2016 that would begin in 2018 for minimum funding requirements for single-employer defined benefit pension plans.
But the SOA report finds that the proposed changes will increase pension liabilities and reduce funded status in the near term. While the effect on individual plans may differ, the report says, the study estimates the impact of the proposed change on the single-employer pension system as a whole.
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