Pension Committee Releases Revised Practice Note on Mortality Assumptions

The Pension Committee released an update to “Selecting and Documenting Mortality Assumptions” for Pensions to reflect a new mortality improvement scale (BB) published by the Retirement Plans Experience Committee (RPEC) of the Society of Actuaries in 2012, mortality table RP-2014, and mortality improvement scale MP-2014 published by the Society of Actuaries in 2014.