United States

Actuaries Issue New Mortality Data That May Affect Retirement Benefit Obligations

Oct 30, 2014
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that the Society of Actuaries (SOA) recently released the final report of its mortality tables and mortality improvement scale. The updated mortality data reflect increasing life expectancies in the United States. Companies should consider the SOA’s new mortality data for U.S.-based defined benefit pension and other postretirement benefit plans when making their mortality assumptions for year-end 2014 financial reporting.

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