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Old 02-03-2008, 11:39 PM
petera petera is offline
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Smile Pension / Generational Mortality Assumptions

Hello everyone,

I would like to see if you could possibly share your experience in setting mortality assumption that uses generational mortality assumptions.

How many lives (plan members) are justified to use generational mortality assumption?

To which year in which the plan member was first born starts projection?

How many years of projections are usually done?

Thank you very much for your sharing. Thank you.
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Old 02-04-2008, 10:44 AM
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volva yet volva yet is offline
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This may be helpful: http://www.actuarialoutpost.com/actu...d.php?t=128292

My understanding is that the number of lives need not be a small plan or large plan, but the actuary can use Generational Mortality to better depict what happens with accrued benefits.
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Old 02-04-2008, 12:16 PM
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Quote:
Originally Posted by petera View Post
Hello everyone,

I would like to see if you could possibly share your experience in setting mortality assumption that uses generational mortality assumptions.

How many lives (plan members) are justified to use generational mortality assumption?

To which year in which the plan member was first born starts projection?

How many years of projections are usually done?

Thank you very much for your sharing. Thank you.
In my experience, the UK has mostly moved to fully generational. The Netherlands is commonly using fully generational and the Germans have been on it for a few years.
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Old 02-04-2008, 09:47 PM
petera petera is offline
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Thanks Colby2152 and WooHoo. Can you describe how to construct generational mortality table for everyone? Say, if you use UP94 table, and AA scale. The valuation date is 2006/01/01. One of the member reached 46 at as 2006/01/01. How to construct qx_46 at 2006/01/01, and so on. You guys are very helpful, thanks for your sharing. Thank you.
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Old 02-05-2008, 10:15 AM
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http://www.soa.org/library/research/...tsa95v4722.pdf
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Old 02-05-2008, 11:01 AM
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I was only aware of the new generational mortality (per 2000 tables). The old projections were much more simpler - none of this + 15 or + 7 year projection crap.
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Old 02-06-2008, 10:47 AM
petera petera is offline
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Thanks everyone for your enthusiasm in teaching me. I feel your enormous support. Thank you.
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