New mortality tables released by the Society of Actuaries (SOA) in October are expected to increase the pension liabilities of U.S. businesses, giving companies an added incentive to unload some of those liabilities by offering lump sums to participants or buying a group annuity.

The good news from the Society of Actuaries is that Americans are living longer. The new tables, the first update since 2000, show that if Americans reach the age of 65, men are likely to live until age 86.6, two full years longer than the age shown in the previous SOA tables, and women to reach age 88.8, 2.4 years longer.

The actuarial group's report contains tables for blue- and white-collar workers, both male and female. The SOA also released an update to its mortality improvement scale.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.

Corporate Finance
Retirement & Benefits
Kicker
Best Practices