A firm that helps the pension plan community figure out how long plan participants will live is starting a COVID-19 analysis project.
The firm, Club Vita, has set up a research advisory panel.
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The panel will look at how COVID-19 and other new or poorly understood factors are affecting pension plan participants’ longevity, the firm announced earlier this week.
Club Vita is hoping that panel members will help COVID-19 sift through academic research, and use Club Vita’s own data and analytical tools, to give pension actuaries a good idea of what’s really happening now to plan participants.
Pension plans use Club Vita data to manage plan finances, and to structure arrangements for transferring pension risk to life insurers through the purchase of group annuities.