We are attempting to duplicate the 2007 Mortality tables, which were published in the "Updated Mortality Tables for Determining Current Liability" regulations around 2/2/2007. We are matching qx values for most ages but are slightly off for ages between 41 and 49 and between 71 and 79, which is where the Non-annuitant and Annuitant tables are smoothed. Has anyone been able to match these factors?
An example may help:
Male age 76
qx from published table =.034523
qx per our calculation below =.034489
Non-annuitant qx (using smoothed transition since no actual non-annuitant qx at age 76)
.030710 = .009922 + (.064368 - .009922) x 21/55 (smooth transition discussed in proposed regs on Mortality Tables dated 5/29/2007)
(.064368 is age 80 annuitant qx and .009922 is age 70 non-annuitant qx from published table)
Annuitant qx
.042169 from published table
Non-annuitant qx (projected to 2007)
.022520 = .030710 x (1-.014)^22 (.014 is from projection Scale AA for 76 year old male, 22 years from 2000 to 2007 plus 15)
Annuitant qx (projected to 2007)
.034615 = .042169 x (1-.014)^14 (.014 is from projection Scale AA for 76 year old male, 14 years from 2000 to 2007 plus 7)
Calculated qx formula
.034489 = .022520 x (1-.9896) + .034615 x .9896
(98.96% of those age 76 are annuitants using weighting factors from "Updated Mortality Tables for Determining Current Liability" proposed regulations on 12/2/2005)
Any help would be greatly appreciated.
