Americans Are Dying Younger, Saving Corporations Billions

Posted: August 9, 2017 in Uncategorized

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Lower US life expectancy predicted to save corporations billions in pension obligations.

American Everyman

(Glorious Big Business makes bigger profits when you die at a younger age. Can you say “Logan’s Run”?)

from Bloomberg

Steady improvements in American life expectancy have stalled, and more Americans are dying at younger ages. But for companies straining under the burden of their pension obligations, the distressing trend could have a grim upside: If people don’t end up living as long as they were projected to just a few years ago, their employers ultimately won’t have to pay them as much in pension and other lifelong retirement benefits.

In 2015, the American death rate—the age-adjusted share of Americans dying—rose slightly for the first time since 1999. And over the last two years, at least 12 large companies, from Verizon to General Motors, have said recent slips in mortality improvement have led them to reduce their estimates for how much they could owe retirees by upward of a combined $9.7 billion, according to a Bloomberg analysis…

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