Tag: living longer
But state and local plans do a pretty good job of updating their life expectancy assumptions. The fact that people are living longer is good news from a human perspective. But longer lifespans also make defined benefit pension plans more expensive because sponsors must pay benefits to retirees for a longer period of tim…
Average lifespans continue to rise, but surveys indicate that Americans don’t feel healthier. I often say that Americans are getting healthier and living longer. The living-longer part I am sure about. Life expectancy for men at 65 increased from 15.9 to 18.3 years between the 2000 and 2014 report issued by the Social Security Trustees.&nbs…
