PBGC Updates XRA Rate Tables, Missing Participants Mortality Assumption
The final rule is effective January 1, 2025.
Tag: mortality assumptions
Kohler Agrees to Settle ERISA Lawsuit Against DB Plan
Kohler Co., the Kohler Co. Pension Plan and pension plan beneficiary plaintiffs request the court’s approval of the settlement.
Kellogg Wins Pension Lawsuit Dismissal
Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.
Pension Plans of Kellogg, Kohler, FedEx Sued for Outdated Calculations
A law firm has sued four defined pension plans over the last six weeks alleging fiduciaries violated ERISA and shortchanged...
PBGC Looks to Modernize Actuarial Assumptions
The proposal would change mortality tables and interest rate calculations.
Ibuprofen Stock Surges as Plan Sponsors Read New DB Plan Rules in SECURE
SECURE 2.0 makes several regulatory and disclosure changes for DB plans.
Huntington Ingalls Settles Lawsuit Over Use of Outdated Mortality Tables
The company has agreed to recalculate monthly benefits for participants and beneficiaries in the ‘legacy’ part of a pension plan.
Outdated Mortality Assumptions Case Survives Motion to Dismiss
A U.S. District Judge's decision suggests pension plan sponsors should periodically review the reasonableness of actuarial assumptions used to calculate...
SOA Mortality Scale Update Could Decrease Pension Plan Obligations
When compared with 2017 projections, life expectancy for 65-year-old private pension participants decreased slightly less than one month for women,...
Segal Group Warns DB Plan Sponsors Not to Stray From Mortality Assumptions
Although the latest report from the NCHS show life expectancy at birth declined, mortality rates for the older population continue...