The differences in life expectancy between defined benefit pension pension plan participants and the U.S. population as a whole. Recent improvements in life expectancy have not been shared equally across society, and socioeconomic status is a key driver in mortality expectations. According to research from Club Vita presented in this webinar, pension plan participants have a noticeably longer life expectancy than the U.S. population, along with a faster rate of longevity improvements. These differences raise questions regarding whether these varied experiences should be considered when actuaries are modeling mortality rates for pension plans.
The differences in life expectancy between defined benefit pension pension plan participants and the U.S. population as a whole.
