RP 2014/MP 2014

Session Description:

In 2009, the Society of Actuaries’ Retirement Plans Experience Committee initiated a study of recent mortality experience of uninsured private retirement plans in the United States. This ultimately resulted in an updated set of mortality assumptions and an updated mortality improvement scale, intended to form a new basis for the measurement of retirement plan obligations in the United States. This session will discuss the development of these tables, which were published in 2014.

Speaker(s):

Patrick Nolan, F.S.A., M.A.A.A. is an Experience Studies Actuary with the Society of Actuaries. He worked closely with the Retirement Plans Experience Committee (RPEC) in the final stages of publishing the RP-2014 Mortality Tables Report and the Mortality Improvement Scale MP-2014 Report and helped produce the associated “Response to Comments” documents. Prior to joining the Society of Actuaries in July, 2014, Patrick worked for Towers Watson’s Retirement practice in Chicago, Illinois. He graduated from the University of Notre Dame with a double degree in Finance and Mathematics in May, 2008.

Pat Pruitt, Actuary at the U. S. Railroad Retirement Board, FSA, MAAA. Pat Pruitt works at the U. S. Railroad Retirement Board, helping to produce long-term actuarial projections of the financial condition of the railroad retirement system. She is currently a volunteer on the Society of Actuaries’ Retirement Plans Experience Committee, was a volunteer on the Education and Examination Committee for many years, and served on the Education and Research Section Council. Pat began her career at CNA as a health actuary. She is currently Vice President – Education of the Chicago Actuarial Association. Pat earned her B.S. in Mathematics at Loyola University of Chicago.