Next Steps After an Annuity Purchase

Next Steps After an Annuity Purchase

You’ve just completed an annuity purchase for your pension plan. Congratulations, you reduced your plan’s risks (e.g. investment, regulatory, mortality, discount rate risks) and significantly saved PBGC premiums and administrative expenses! The contracts have been...
Mortality: Back to Where We Started

Mortality: Back to Where We Started

Second only to the discount rate, the mortality assumption is the biggest driver of the pension liability on plans sponsors’ balance sheets. New mortality tables issued in 2014 reflected the substantial improvements in US mortality during the previous few decades and...
2017 Fiscal Year-End Accounting Considerations

2017 Fiscal Year-End Accounting Considerations

  Download a PDF version of this article… Many pension plan sponsors are in the process of figuring out what assumptions they will be using to value liabilities for their 2017 fiscal year-end disclosures. This article looks at what has changed this year and what that...
IRS Mortality Tables… Finally!

IRS Mortality Tables… Finally!

  Download a PDF version of this article… On December 29, 2016 the IRS released proposed rules prescribing mortality tables for minimum funding purposes starting with 2018 plan years. We have been waiting for these new tables since the Society of Actuaries released...