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FAQ 748: Mortality Tables - For PBGC termination purposes |
Problem: Has the new 2023 PBGC table been added to the list of tables in Table Maintenance? I looked under tables on Client Support Center, but I'm not sure if the new table is there. |
Solution: The mortality table for PBGC termination purposes is the UP94 (M or F) projected to 14 years beyond the date for determining the variable rate premium using Scale AA. Download the document "SYSTEMS REFERENCE MANUAL" (refer to Chapter 6 for the "Tables" section) of the ASC website to learn how to project mortality tables. Refer to FAQ 886 - Mortality Tables - Creating a table with a 7 year setback for another example of how to project a mortality table. |