The mortality rate of older Americans decreased in 2016, potentially impacting the longevity assumptions actuaries calculate when determining private and public sector pension contributions.
For Americans age 75 to 84, the mortality rate improved by 2.3 percent between 2015 and 2016, or twice the rate of improvement seen between 2011 and 2016.
For those older than 85, mortality improved by 2.1 percent, or more than three times the rate of improvement between 2011 and 2016, according to new analysis from the Society of Actuaries.
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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.
