From
NATS Accounts Page 26
The mortality assumptions have been drawn from actuarial tables PMA92 and PFA92 medium cohort (2007:PXA92 short cohort).
These tables assume that the life expectancy, from age 60, for a male pensioner is 26.3 years and a female pensioner is 29.2 years.
Allowance is made for future improvements in longevity, such that based on the average age of the current membership,
when these members reach retirement, life expectancy from age 60 will have increased for males to 27.0 years and
for females to 29.9 years.
This suggests that pension projections assume males to live until 87 and females 89.9 years of age. I thought the life expectancy for us poor saps
was much less. No wonder the pension plan looks under-funded, they expect us to live much longer that we are likely to.
