White collar workers tend to live longer than blue collar workers, and workers in the top 25 percent of income generally live longer than those in the bottom quartile. But the life expectancy of the top income quartile dropped a bit, a trend actuaries will monitor. (Photo: Shutterstock)
The Society of Actuaries is standing by its pledge to issue more consistent updates to the longevity tables that private sector pension sponsors use, in part, to assess liabilities on defined benefit retirement plans.
The recent release of an exposure draft of PRI-2012 — Private Retirement Plans Mortality Tables — shows slight changes to the RP-2006 tables, which were issued in 2014 before undergoing revisions, most recently in 2016.
The latest data shows the life expectancy for a woman age 65 in 2019 is 87.4 years, roughly the same as the previous table. The life expectancy for a man age 65 in 2019 declined to 84.7 years from 85.
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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.
