Table:
|  | 2019 |  | 2018 |  |
| --- | --- | --- | --- | --- |
|  | Men | Women | Men | Women |
|  | Years | Years | Years | Years |
| Member aged 65 (current life expectancy) | 86.8 | 88.9 | 87.3 | 89.3 |
| Member aged 45 (life expectancy at age 65) | 88.5 | 90.7 | 89.0 | 91.1 |
Paragraphs:
The Group has assumed that mortality will be in line with nationally published mortality table S2NA with CMI 2018 projections related to members’ years of birth with long-term rate of improvement of 1.5% per annum. These tables translate into an average life expectancy for a pensioner retiring at age 65 as follows:
It is assumed that 50% of non-retired members of the Scheme will commute the maximum amount of cash at retirement (2018: 50% of
non-retired members of the Scheme will commute the maximum amount of cash at retirement).
Question:
What is the Group's assumptions on mortality?
Answer: mortality will be in line with nationally published mortality table S2NA with CMI 2018 projections related to members’ years of birth with long-term rate of improvement of 1.5% per annum