To the Point - Governmental benefit plans and certain governmental employers need to consider new mortality data

1 May 2019 PDF
Subject AccountingLink
Publications To the Point

Overview

The Society of Actuaries finalized new public sector employee mortality tables that could increase benefit plan liabilities for governmental benefit plans and governmental employers for accounting and funding purposes. The new mortality tables reflect improved life expectancies and the expectation that the trend will continue. Although governmental benefit plans and governmental employers are not required to use the tables, they need to consider the new mortality information when developing year-end mortality assumptions.

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