Tag: longer lifespans

Mature man is hired to handle outreach to senior adults

The brief’s key findings are: Today’s workers face a brewing retirement crisis due to: a growing need for income driven by longer lifespans, rising health costs, and low interest rates; and reduced support from Social Security and defined benefit pension plans. Fortunately, the solutions are at hand: Policymakers should shore up Social Security with more revenue,…

Creative abstract money savings sketch on modern laptop monitor, accumulation and growth of money concept. 3D Rendering

The brief’s key findings are: Rising life expectancy makes defined benefit pension plans more expensive. The question is the extent to which state and local plans have already incorporated rising life expectancy into their cost estimates. The analysis explores how plan liabilities and funded ratios would be affected by using RP-2014, a new mortality tab…