How Long to Read The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
By Mr.John Kiff
How Long Does it Take to Read The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans?
It takes the average reader and 34 minutes to read The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans by Mr.John Kiff
Assuming a reading speed of 250 words per minute. Learn more
Description
This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion.
How long is The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans?
The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans by Mr.John Kiff is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
How Long Does it Take to Read The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans aloud.
What Reading Level is The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans?
The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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