Table Information


Table Identity 834
Provider Domain soa.org
Provider Name Stephen J. Strommen
Table Reference Society of Actuaries Group Annuity Valuation Task Force, “1994 Group Annuity Mortality Table and 1994 Group Annuity Reserving Table”, Transactions Society of Actuaries Vol. XLVII, (Chicago, 1995), Table 18 p. 898-899. Accessed: January, 2013 from http://www.soa.org/library/research/transactions-of-society-of-actuaries/1990-95/1995/january/tsa95v4722.pdf, p. 34-35.
Content Type Annuitant Mortality
Table Name 1994 GAM Static – Female, ANB
Table Description 1994 Group Annuitant Mortality (GAM) Static – Female. Basis: Age Nearest Birthday. Minimum Age: 1 Maximum Age: 120
Comments Study Data: The 1994 Static Table is the 1994 Basic Table with an explicit loading for mortality improvement. The 1994 Basic Table was later renamed UP-94 (SOA Table Identities 832 and 833). Note that the 1994 Group Annuity Reserving table (1994-GAR) is then a combination of this 1994 GAM Static Table and Projection Scale AA (SOA Table Identities 923 and 924. Methodology: Rates for ages 66–95 were based on group annuitant experience data from 1985 to 1990. Rates for ages 25–65 were based on 1985–1989 (retired) and 1983–1986 (active) federal Civil Service Retirement System (CSRS) experience. Active and retired experiences were blended for ages 51–65. Rates at extreme ages (over 95 and under 25) were taken from 1990 life tables published in the Social Security Administration’s Actuarial Study No. 107. For ages 96 to 119, a maximum rate of 0.5 was set; at age 120, the rate was set at 1.0. All rates were trended to 1994 based on CSRS experience and benefit weighted in construction of final tables. The CSRS data was used to trend experience because of the large database and CSRS data had been used to extend the table for active lives. The conclusion was to add 2% to the 5% statistical margin to produce a total 7% margin. It is anticipated that this margin produces reserves that are adequate to cover various business characteristics and random variations. No margin was applied to the mortality rates of 0.5 at ages 112 and older. A modified Karup-King graduation process was used to obtain a smooth transition from the rates under age 103 to the rates atage 112 and above Data Transcription Errors Detected: 01/2013. Data Corrected and Certified: 01/2013. The value for age 83 has been changed to be consistent with the derivation of the other values in this table.

Table Data


Table Description 1994 Group Annuitant Mortality (GAM) Static – Female. Basis: Age Nearest Birthday. Minimum Age: 1 Maximum Age: 120
Nation United States of America
Scaling Factor 0
Data Type Floating Point
   
Table Values
Row\Column1
10.000531
20.000346
30.000258
40.000194
50.000175
60.000163
70.000153
80.000137
90.000130
100.000131
110.000138
120.000148
130.000164
140.000189
150.000216
160.000242
170.000262
180.000273
190.000280
200.000284
210.000286
220.000289
230.000292
240.000291
250.000291
260.000294
270.000302
280.000314
290.000331
300.000351
310.000373
320.000397
330.000422
340.000449
350.000478
360.000512
370.000551
380.000598
390.000652
400.000709
410.000768
420.000825
430.000877
440.000923
450.000973
460.001033
470.001112
480.001206
490.001310
500.001428
510.001568
520.001734
530.001907
540.002084
550.002294
560.002563
570.002919
580.003359
590.003863
600.004439
610.005093
620.005832
630.006677
640.007621
650.008636
660.009694
670.010764
680.011763
690.012709
700.013730
710.014953
720.016506
730.018344
740.020381
750.022686
760.025325
770.028366
780.031727
790.035362
800.039396
810.043952
820.049153
830.054857
840.060979
850.067738
860.075347
870.084023
880.093820
890.104594
900.116265
910.128751
920.141973
930.155931
940.170677
950.186213
960.202538
970.219655
980.237713
990.256712
1000.276427
1010.296629
1020.317093
1030.338505
1040.361016
1050.383597
1060.405217
1070.424846
1080.444368
1090.464469
1100.482325
1110.495110
1120.500000
1130.500000
1140.500000
1150.500000
1160.500000
1170.500000
1180.500000
1190.500000
1201.000000