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Long overdue updates to mortality tables produced by the Society of Actuaries will begin being applied to private sector pension plans next year. Now, the SOA is looking to update the mortality assumptions used by public pensions sponsored by states and large cities.
Stakeholders have until the end of October to comment on an exposure draft released by SOA this week.
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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.
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