As Corporations Leave Pensions Behind, Life Insurers Tap Pension Risk Transfers
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http://www3.ambest.com/ambv/bestnews/newscontent.aspx?refnum=154627&AltSrc=14
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Media Outlet
Best's News
American Academy of Actuaries Senior Pension Fellow Don Fuerst is cited for providing data on life expectancy at 65 for someone who retired in 1950 (14 years) compared to someone who retires today (20 years). Fuerst also noted that while there are 100,000 Americans 100+ today, projections are that by 2050 there will be more than 1.1 million older than 100.
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