What are mortality tables and how does SERS use them?
Mortality tables are actuarial tables used in the insurance and pension industries to predict life expectancy and death rates. SERS actuaries use mortality tables to help them estimate the systems future liabilities. The mortality tables are posted on this Web site as a matter of public disclosure. SERS members do not need to use the mortality tables because the tables are built into the electronic benefit calculators used by both members and retirement counselors. The following are general guidelines, and individual circumstances could create different results. When you retire, you are entitled to receive your Maximum Single Life Annuity or to have an actuarially equivalent amount paid to you under one of four optional plans. If you choose an optional payment plan, SERS will use mortality tables to determine the actuarially equivalent amount. Mortality tables are also used in Early Retirement calculations and Disability Retirement calculations. In making your retirement benefit calcul
