Managers of U.S. public pension plans now have mortality tables that go up to age 119.
The Society of Actuaries (SOA) recently released public retirement plan mortality tables that include mortality rates for people ages 0 to 119 — the Pub-2010 Public Retirement Plans Mortality Tables.
The SOA’s Retirement Plans Experience Committee used general-purpose mortality data from 2015 to provide the mortality rates for children ages 0 through 12, special estimation techniques to provide mortality rates for people ages 13 through 17, and special projection techniques to provide mortality rates for people ages 100 and older.
The committee has developed separate sets of tables for teachers; police officers, firefighters and other public safety professionals; and other types of public employees, such as judges and administrators.
The committee based the tables on data on 46 million life-years of plan participant data, and 580,000 participant deaths, from 78 U.S. public pension plans and 35 U.S. public pension systems.