Last week saw the President signed an infrastructure bill into law. Within that law was additional smoothing relief for defined benefit pension plans. Earlier this year, ARPA changed the stabilization corridor used in establishing interest rates for minimum funding requirements. The new law would further modify the corridors used, as shown in the tables below. The corridor will expand now … Read More
SOA Releases Mortality Improvement Scale MP-2021
When the Society of Actuaries (SOA) released the RP-2014 mortality table in 2014, they included mortality improvement scale MP-2014. The purpose of this scale is to reflect mortality improvement into the future, since one would expect future mortality rates to be lower with further advances in health and medicine. A practice was then started to update this improvement scale annually … Read More