Tag: mortality assumptions
The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment.
“The use of mortality data that is over 40 years old could, plausibly, be unreasonable,” the ruling states.
The report also found a decline in future rates of mortality improvement.
“It is important for actuaries for all types of pension plans, including those who work with multiemployer and public-sector plans, not to reverse expectations for mortality improvement in...