Examples of using Mortality tables in English and their translations into Arabic
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Ecclesiastic
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Computer
Mortality tables for the population of Spain 1994-1995 Difference 0 year.
Changes in commutation,transfer value and other factors reflecting updated mortality tables.
Available from www. childinfo. org/mortality_tables. php(accessed on 25 October 2013).
It is not yet known whether andhow this will lead to the use of genderneutral rates or mortality tables.
Private systems, on the other hand, apply gender-specific mortality tables to calculate both annuities and scheduled withdrawals.
Assumptions regarding future mortality are based on actuarialadvice in accordance with published statistics in the form of mortality tables.
Life expectancy of participants(2007 United Nations mortality tables adjusted for forecast improvements in mortality); .
Unless noted otherwise, the assumptions used in the calculations throughout the present report are based on 6.5 per cent annual investment return, 3 per cent annual salary increases,3 per cent annual cost-of-living and the 2007 United Nations mortality tables for pensioners and active participants.
Updating the commutation factors to include the effect of the new mortality tables will increase the amount of the commuted benefit.
The interest rates and mortality tables used until 30 June 1995 and the periods of contributory service to which they related, were as follows.
Assuming that the commutation factors are updated to reflect the new mortality tables, these other factors would also be updated.
(f) For disabled pensioners, the 2007 mortality tables with a five-year age set forward were applied, but the longevity improvement function scale was not used.
They stressed that the provisions of the pension system should be applied in a manner that was fair and reasonable to participants; in their view, that standard was not met when lump-sum commutations were based on the use of excessively high interest rates andoutdated mortality tables, both of which had a reductive effect on the amounts of lump-sum commutations.
The reason for this is that gender-disaggregated mortality tables are used to calculate old-age pensions, since average life expectancy for women is higher than that for men.
With regard to the actuarial costs, the Advisory Committee was informed that the actuarial costs related to all initial 433 cases were estimated at $47.8 million, based on the use of the assumptions in the regular valuation as at 31 December 1995(including the Fund 's mortality tables, inflation at 5 per cent per annum and interest at 8.5 per cent per annum), with an implementation date as from 1 January 1996.
In accordance with article 11 of the Regulations, the interest rate(s) and mortality tables used for calculating lump-sum commutations are adopted and revised, when appropriate, by the Board on the advice of the Committee of Actuaries.
The use of such unisex mortality tables will generally have a positive effect on the determination of the pensions that women will receive because they live longer on average, i.e. all women will be able toreceive a higher pension than they would if different mortality tables were used for men and women.
UNFPA seed money for the Brazilian Institute for Geography andStatistics enabled the production of population projections, mortality tables, migration estimates and other sociodemographic data essential for the local and central government planning functions.
Under actuarial matters, the Board also reviewed(a)the interest rate and mortality tables used to determine lump-sum commutations and(b) the maximum number of years of creditable contributory service in the Fund, both issues having been considered in 1991 and remitted for further review this year, in the light of the results of the actuarial valuation of the Fund as at 31 December 1993.
The Committee was informed that significant elements increasing the imbalance in the regular valuation were(a) the interest accumulating on the imbalance in the Fund as of the previous valuation,(b)revised mortality tables used for non-disabled retired male and female participants, widows and widowers, reflecting longer life expectancy and(c) changes in the demographic composition and pensionable remuneration of future new entrants.
Takes note of the decision of the Board, taken at its fifty-fourth session, in 2007,to adopt new mortality tables that reflected improved longevity rates for participants covered by the Fund, and notes that in 2008 the Board agreed that the resultant changes in commutation, transfer value and other factors should be implemented, with effect from 1 January 2009, and that the estimated cost, 0.25 per cent of pensionable remuneration, would be reflected in the next actuarial valuation as at 31 December 2009;
On the basis of the latest actuarial valuation, which included the costs related to increased longevity as reflected in the Fund 's new mortality tables approved by the Pension Board, the Committee of Actuaries and the Fund ' s Consulting Actuary were of the opinion that the present contribution rate of 23.70 per cent was sufficient to meet the benefit requirements under the Plan.
(b) New Unisex mortality table for determining lump-sum commutation(paras. 59 to 72).
The resulting male and female mortality rates were then blended on a50/50 per cent basis to form a unisex mortality table.
At the same time, the Standing Committee approved, effective as from 1 July 1995,a revised Unisex mortality table that had been developed by the Committee of Actuaries, with the assistance of the Consulting Actuary.
In its review of this factor, the Committee of Actuaries noted that the recent mortality experience for retirees and their beneficiaries hadbeen close to that expected under the Fund ' s current mortality table.
The Committee of Actuaries had not yethad the opportunity to construct an updated Unisex Mortality Table based on the recent changes in mortality rates, which could then be utilized for commutation purposes with respect to contributory service performed after adoption by the Board of the new Unisex Mortality Table. .
At that time the Board decided, as part of a consensus agreement on a package of measures,(a) to retain the 6.5 per cent interest rate in effect since 1 January 1985(but requested its Standing Committee to reconsider the matter at its 1995 meeting); and(b)to request the Committee of Actuaries to develop a revised unisex mortality table based on the current longevity assumptions utilized in the Fund ' s actuarial valuation.
As regards the interest(discount) rate applicable to lump-sum commutation of periodic benefits under article 28(g) of the Regulations of the Fund, the Advisory Committee was informed that the Pension Board decided to retain the current 6.5 per cent discount rate, which would be reviewed again by the Standing Committee next year,and to request the Committee of Actuaries to develop a revised unisex mortality table, based on the longevity assumptions used in the regular valuation as at 31 December 1993.