Part 5018 - Actuarial Assumptions

Section 5018.2 - Mortality and Service Tables for Valuation Purposes

For the purpose of performing the annual actuarial valuation of the Retirement System's assets and liabilities, the assumptions to be used for the incidence of death, disability, withdrawal, and retirement among active members and for the incidence of death among members who are retired for service and the beneficiaries of active and retired members, and for the incidence of death among members who are retired for disability, shall be as follows:

Mortality Rates for Active Members

(Statutory authority: Education Law §§501 [subd. 9(b), (c)], 508 [subd. 4], 517)

Disability Retirement Rates for Active Members

(Statutory authority: Education Law §§501 [subd. 9(b), (c)], 508 [subd. 4], 517)

Withdrawal Rates for Active Members: Female Rates | Male Rates

(Statutory authority: Education Law §§501 [subd. 9(b), (c)], 508 [subd. 4], 517)

Service Retirement Rates for Active Members: Tier 1 and Tier 2, 3, 4 with 30 Years Service or at Least Age 62 and Tier 5 at Least Age 62| Tier 2, 3, 4 with Less Than 30 Years Service and Less Than Age 62| Tier 5 with 30 Years Service and Less Than Age 62| Tier 5 with Less Than 30 Years Service and Less Than Age 62

(Statutory authority: Education Law §§501 [subd. 9(b), (c)], 508 [subd. 4], 517)

Mortality Rates for Service and Deferred Annuitants and Beneficiaries

(Also used in calculating the benefits pursuant to subdivision b.3 of Section 512 of the Education Law)

(Statutory authority: Education Law §§501 [subd. 9(b), (c)], 508 [subd. 4], 517)

Mortality Rates for Disabled Annuitants

(Statutory authority: Education Law §§501 [subd. 9(b), (c)], 508 [subd. 4], 517)