The lawsuit alleges that Pinnacle West, an electric utility, used outdated mortality tables, causing it to underestimate the present value of employee pensions.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 ...
The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment. Huntington Ingalls Industries has agreed to pay $2.8 million ...
It may make for grim reading, but the American Institute of CPAs has just issued guidance on new mortality tables from an actuarial group. The AICPA’s document discusses in Q&A format how and when ...
SIMSBURY, Conn.--(BUSINESS WIRE)--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 ...
The first major settlement of a lawsuit challenging the mortality assumptions used to calculate pension plan benefits was announced earlier this year. According to court filings in Cruz v. Raytheon ...
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in a Sprint Communications LLC defined benefit plan sued the company and plan fiduciaries alleging the plan used out-of-date mortality tables and improper interest rates to calculate ...
Recently finalized morality tables produced by the Society of Actuaries will have only a marginal impact on most pensions' liabilities. Last Spring, SOA released an exposure draft of its Private ...
A state insurance regulator task force adopted mortality tables Thursday reflecting COVID-19 pandemic mortality loss over the next decade. The Life Actuarial Task Force adopted recommendations put ...
The new year brought the culmination of a long, technical, behind-the-scenes effort to update insurers' reserving processes and mortality tables. On Jan. 1, the 2017 Principle-Based Reserving and ...
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