In June 2011, we published an article asking whether your pension plan had a hidden longevity cost. A new study in the U.S. is now shining a light on this issue by quantifying the previously “hidden” longevity cost.
The recently released study1 by the Society of Actuaries’ Retirement Plans Experience Committee (RPEC) suggests that Canadian pension plans may be underestimating their accounting and going-concern liabilities by about four per cent.
1 Source: Society of Actuaries, Mortality Improvement Scale BB Report, September 2012.
