Mortality projection: Making reasonable assumptions about future lifetimes
By Mark C. Olleman and Matt Larrabee
13 December 2019
This paper presents two alternative options for mortality projection based on historical mortality improvement data. These alternatives are intended to reduce volatility from changes in the mortality improvement assumption, and therefore lead to more stable long-term pension cost and liability calculations, while providing a reasonable estimate of the long-term pension liability in accordance with the Actuarial Standards of Practice.