The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans

The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
Author :
Publisher : International Monetary Fund
Total Pages : 34
Release :
ISBN-10 : 9781475505184
ISBN-13 : 1475505183
Rating : 4/5 (84 Downloads)

Book Synopsis The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans by : Mr.John Kiff

Download or read book The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans written by Mr.John Kiff and published by International Monetary Fund. This book was released on 2012-06-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion.


The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans Related Books

The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
Language: en
Pages: 34
Authors: Mr.John Kiff
Categories: Business & Economics
Type: BOOK - Published: 2012-06-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension
Pension Economics
Language: en
Pages: 270
Authors: David Blake
Categories: Business & Economics
Type: BOOK - Published: 2006-11-02 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

While not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar a
Global Financial Stability Report, April 2012
Language: en
Pages: 94
Authors: International Monetary Fund. Monetary and Capital Markets Department
Categories: Business & Economics
Type: BOOK - Published: 2012-04-18 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilitie
Growing Older in America
Language: en
Pages: 108
Authors:
Categories: Age distribution (Demography)
Type: BOOK - Published: 2007 - Publisher:

DOWNLOAD EBOOK

The Quest for Immortality: Science at the Frontiers of Aging
Language: en
Pages: 259
Authors: Bruce A. Carnes
Categories: Science
Type: BOOK - Published: 2002-07-17 - Publisher: W. W. Norton & Company

DOWNLOAD EBOOK

"This is by far the best book I've read on the science of aging."—Andrew Weil, M.D. "Life-span Truth Will Set You Free from Age-old Worries," announced the Ch