The Society of Actuaries has issued an update to the mortality tables released by the research and professional organization in 2014.
The update includes two additional years of Social Security mortality data, and while the new results show Americans are living longer, last year's assessment of just how much longer may have been a bit aggressive.
And that means some relief for sponsors of defined benefit plans, who use the tables to calculate liabilities and the cost of risk transfers.
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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.
