United States

New Mortality Data May Affect Retirement Benefit Obligations

Sep 15, 2014
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that the Society of Actuaries (SOA) plans to issue updated versions of its mortality tables and mortality improvement scale by October 31, 2014. The updated mortality data could have a material effect on many U.S. companies’ measurement of their defined benefit pension and other postretirement obligations under U.S. GAAP and IFRS.

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