Illustrative Service Table

[lloopy]

Can anyone explain this to me? I don't think I've used it in a question in the past few months.

Is it just an example of a discrete multiple-decrement table? Guessing based on another post here,
= # of people alive at the start of each year.,
= # of people who died,
= # of people who withdrew,
= # of people who retired early, and
is the number of people who retired?

A simple "yes" or better explanation for a "no" would be great.

[abt5]

yes

[DyalDragon]

Originally Posted by lloopy

Can anyone explain this to me? I don't think I've used it in a question in the past few months.

Is it just an example of a discrete multiple-decrement table? Guessing based on another post here,
= # of people alive at the start of each year.,
= # of people who died,
= # of people who withdrew,
= # of people who retired early, and
is the number of people who retired?

A simple "yes" or better explanation for a "no" would be great.

is the third "retired early"? i guess it doesn't matter what they stand for, since if they ask you a question about the table they will have to specify which decrement they want you to look at anyway

[actuary44]

It's early retirement because they're assuming normal retirement age to start at 60. That's why the 3rd and 4th decrements don't overlap. But regardless, just use the table if you're asked a question about it. There's really no need to over-analyze what the decrements are. That's really beside the point.

Originally Posted by DyalDragon

is the third "retired early"? i guess it doesn't matter what they stand for, since if they ask you a question about the table they will have to specify which decrement they want you to look at anyway

[Math]

its not a mere example, this is the table that you MUST use if the question says Decrements follow the Illustrative Service Table.

[lloopy]

Originally Posted by Math

its not a mere example, this is the table that you MUST use if the question says Decrements follow the Illustrative Service Table.

That was my understanding. When I used the word "example" it's the same as saying that the Illustrative Life Table is an "example" of a life table. The ILT that is included with our exams doesn't necessarily reflect the demographic reality of some particular region, but it's what we use for exam questions.

[am_vanquish]

The decrements can be defined as anything within the problem. I've seen at least one question where the (i) decrement was disability rather than early retirement.