Insurancenewsnet.com

Ruark Consulting Releases Annuity Mortality Tables

Ruark Consulting, LLC today released new industry mortality tables for variable annuity (VA) and fixed indexed annuity (FIA) products. The tables are derived from the company’s 2018 studies of VA and ...
JD Supra

Final Regulations Update Pension Plan Mortality Tables and Proposed Regulations Address COVID Impact on Substitute Tables

For background, actuaries generally use mortality assumptions when determining the value of pension liabilities. Under the Code, specific rules must be followed with regard to the mortality ...
Pensions&Investments

Raytheon settles ERISA mortality table suit for $59.2 million

Raytheon Co. agreed to pay $59.2 million to settle an ERISA complaint filed by a retiree who accused the company and fiduciaries of using an outdated mortality table to improperly calculate retirement ...
planadviser.com

Outdated Mortality Table ERISA Suit Filed in Arizona

The lawsuit alleges that Pinnacle West, an electric utility, used outdated mortality tables, causing it to underestimate the present value of employee pensions. Former employees of Pinnacle West, an ...
Pensions&Investments

Sprint hit with ERISA suit alleging it used out-of-date mortality tables

A participant in a Sprint Communications LLC defined benefit plan sued the company and plan fiduciaries alleging the plan used out-of-date mortality tables and improper interest rates to calculate ...