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>>We really can't help on being shorted on months of service or average pay. However, as it relates to mortality talbes you are in goood shape. The enrolled actuary for a pension plan must make a mortality table choice and then: 1) stick with that choice for a material amount of time; 2) apply that mortality table consistently for all lump sum distributions as well as other computations.

Further, unless you are member of a fairly large & unusual group with established & different mortality, the actuary will usually pick one of the 9 tables approved by the IRS; of which the 1983 GAM Table is one. Interestingly, of the 9 approved tables, the 1983 GAM yields the highest life expectancy for a 55 year old female. There could easily be more recent mortality tables but I am unaware of them.

Further, the interest rate assumption in a lump sum distribution is much more important than the mortality table used. You should ask what interest rate(s) are being used; they should be coming from the PBGC.<<

While the table being used may be correct, the interest rate now required for lump sum distributions is the 30 year Treasury Rate as published monthly. The PBGC monthly rate is no longer used after adoption of the GATT amendments.

MDGrabhorn, CFP
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