Mortality and the Provision of Retirement Income

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This report analyses the development of mortality assumptions to build mortality tables to better protect retirement income provision. Mortality assumptions are necessary to ensure the sustainability of lifetime incomes. It explores considerations and traditional approaches for developing mortality tables, as well as provides an international overview of longevity trends and drivers over the last several decades, including the impact of the COVID-19 pandemic. The report also details the standard mortality tables developed across OECD member countries and offers guidelines to assist regulators and supervisors in assessing whether the mortality assumptions and tables used in the context of retirement income provision are appropriate.


Modelling choices for the development of standard mortality tables

This chapter describes the various modelling decisions required for the development of mortality tables for pensioner and annuitant populations. It explains why one approach may be selected over another, along with any potential advantages or disadvantages. As such, it should help regulators and supervisors to have a better sense of the implications and appropriateness of the modelling choices in a particular context.


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