Plan sponsors will have one more year to use outdated mortality assumptions in calculating pension funding requirements for 2016.
That will save sponsors about $18 billion in funding requirements this year, according to estimates from Moody's Investors Service.
In 2014, the Society of Actuaries released new mortality tables, depicting Americans' longer lives.
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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.
