Second International comparative study of mortality tables for pension fund retirees

This paper contains an update to the first international comparative study of mortality tables carried out in 2006. It examines the mortality assumptions used in the valuation of pension liabilities in a number of different countries. The results are considered in relation to the underlying population mortality rates, in order to isolate the strength of the mortality assumptions being applied. It is found that there is evidence of a lack of consistency between countries, and that this has not changed since the previous study.