CMI Working Paper 130

Working Paper 130 was published in April 2020. The working paper contains a consultation on the proposed “16” Series pension annuities in payment mortality tables based on the 2015-2018 data. The paper provides an overview of the dataset, describes the methodology used to produce the tables, sets out the key statistics for each of the graduations and describes the extensions of the tables to younger and older ages.

The proposed mortality tables were issued for consultation; the final tables were issued alongside Working Paper 134.

Four Excel spreadsheets are released alongside this paper:

• Proposed “16” Series pension annuities in payment mortality tables. We stress that the mortality tables in this spreadsheet are issued as part of a consultation process, and may change before final publication.
   
• Indicative graduations of pension annuities in payment data for Group business and by duration and pensioner type.
   
• Graduation software. We have used a modified version of the software that accompanied Working Paper 77 to produce the proposed “16” Series tables. The software can be used to replicate the proposed “16” Series mortality rates or to test alternative methods.
   
• “All offices” pension annuities in payment summary results for 2015-2018, which compare the experience of the graduations dataset with the proposed “16” Series tables.