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Public pensions need to consider that beneficiaries are living longer

JUNE 19, 2018 | by Christopher Burnham | FORBES

 “… For the first time since 2008, this past December the IRS released new actuarial tables accompanied by additional requirements for private pension managers. These new tables require corporate pension plans to adopt new, more accurate and realistic, mortality assumptions. Unfortunately, these regulations do not apply to state and local public pensions. As such, public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions.”

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