About the Annuity Factor Calculator

The Society of Actuaries (SOA) developed the Annuity Factor Calculator to calculate an annuity factor using user-selected annuity forms, mortality tables and projection scales commonly used for defined benefit pension plans in the United States or Canada. This tool is designed to calculate relatively simple annuity factors for users who are accustomed to making actuarial calculations for defined benefit pension plans in the United States or Canada.

The Annuity Factor Calculator is not intended to replace actuarial valuation software or similar software used in the administration of defined benefit plans or pricing of insured annuities, and should not be used for such purposes.

For more information about technical terms as defined for use with this calculator, please see the Technical Terms.

Contact research@soa.org, with any questions or comments about the Annuity Factor Calculator.

I have read the Disclaimer and I accept the Terms & ConditionsMortality Tables

The Annuity Factor Calculator allows users to select any of the mortality tables listed below. For some of the tables, reports and background material are available. In addition, the tables are available in electronic form.

- 1951_GAM
- 1951 Group Annuity Mortality (GAM) Table (pages 262-265 in the 1951 Group Annuity Mortality Table Report). Ages 18-110. Base year 1951. MORT Tables # 809 & 890.
- 1971_GAM
- 1971 Group Annuity Mortality (GAM) Table (Table 10 on pages 583-584 in the 1971 Group Annuity Mortality Table Report). Ages 18-110. Base year 1971. MORT Tables # 817 & 818.
- 1983_GAM
- 1983 Group Annuity Mortality (GAM) Table (Tables 18-A and 18-B on pages 880-881 in the 1983 Group Annuity Mortality Table Report). Ages 18-110. Base year 1983. MORT Tables # 825 & 826.
- 1983_GAM_Basic
- 1983 Group Annuity Mortality (GAM) Basic Table (Tables 17-A and 17-B on pages 876-877 in the 1983 Group Annuity Mortality Table Report). Ages 18-110. Base year 1983. MORT Tables # 827 & 828.
- UP84_unisex
- Unisex Pension (UP) - 1984 (Table 10 on page 37 in the UP-1984 Unisex Mortality Table Report). Ages 18-110. Base year 1984. MORT Tables # 831.
- RP1992_CombinedHealthy
- Combined Healthy Participants - Central year 1992 rates used to develop RP-2000. Projection these rates to 2000 with Scale AA result in RP-2000 (Table 3-1 in the RP-2000 Mortality Tables Report). Ages 18-120. Base year 1992. MORT Tables # 987 & 991.
- RP1992_Employee
- Employee - Aggregate - Central year 1992 rates used to develop RP-2000. Projecting these rates to 2000 with Scale AA result in RP-2000 (Table 3-1 in the RP-2000 Mortality Tables Report). Ages 18-70. Base year 1992. MORT Tables # 985 & 989.
- RP1992_HealthyAnnuit
- Healthy Annuitant - Aggregate - Central year 1992 rates used to develop RP-2000. Projecting these rates to 2000 with Scale AA result in RP-2000 (Table 3-1 in the RP-2000 Mortality Tables Report). Ages 50-120. Base year 1992. MORT Tables # 986 & 990.
- RP1992_Disabled
- Disabled Retiree - Aggregate - Central year 1992 rates used to develop RP-2000. Projecting these rates to 2000 with Scale AA result in RP-2000 (Table 3-1 in the RP-2000 Mortality Tables Report). Ages 18-120. Base year 1992. MORT Tables # 988 & 992.
- 1994_GAM_Static
- 1994 Group Annuitant Mortality (GAM) Static (same as 1994 GAR). Includes a 7% mortality improvement from UP 94 at all but the oldest ages (older than 103) (Table 18 on pages 898-899 in the 1994 Group Annuity Mortality Table and 1994 Group Annuity Reserving Table Report). Basis: Age Nearest Birthday. Ages 18-120. MORT Tables # 834 & 835.
- 1994_GAR
- 1994 Group Annuity Reserving (or GAR-94) Table Combination of the GAM-94 Static Table and Projection Scale AA (Table 1 on pages 866-867 in the 1994 Group Annuity Mortality Table and 1994 Group Annuity Reserving Table Report). Ages 18-120. Base year 1994.
- UP_94
- 1994 Uninsured Pensioner (UP-94) Mortality Table (formerly the 1994 GAM Basic Table). It is the same underlying mortality as the GAR-94 Table, but does not include the 7% margin (Table 3 on pages 824-826 in the 1994 Uninsured Pensioner Mortality Table Report). Basis: Age Nearest Birthday. Ages 18-120. Base year 1994. MORT Tables # 832 & 833.
- RP2000_CombinedHealthy
- RP-2000 Mortality Table - Aggregate - Combined Healthy (Table 4-5, 4-6 in the RP-2000 Mortality Tables Report). Ages 18-120. Base year 2000. MORT Tables # 987 & 991.
- RP2000_Employee
- RP-2000 Mortality Table - Aggregate - Employees (Table 4-5, 4-6 in the RP-2000 Mortality Tables Report). Ages 18-70. Base year 2000. MORT Tables # 1594 & 1597.
- RP2000_HealthyAnnuit
- RP-2000 Mortality Table - Aggregate - Healthy Annuitant (Table 4-5, 4-6 in the RP-2000 Mortality Tables Report). Ages 50-120. Base year 2000. MORT Tables # 1595 & 1598.
- RP2000_Disabled
- RP-2000 Mortality Table - Aggregate - Disabled Retiree, (Table 4-5, 4-6 in the RP-2000 Mortality Tables Report). Ages 18-120. Base year 2000. MORT Tables # 1596 & 1599.
- RP2000_BlueCol
- RP-2000 Mortality Table - Aggregate - Blue Collar, 1992 Base year Rates (Table S-1 in the Supplement to the RP-2000 Mortality Tables Report). Ages 18-120. Base year 2000. MORT Tables # 1556 & 1558.
- RP2000_WhiteCol
- RP-2000 Mortality Table - Aggregate - White Collar (Table S-2 in the Supplement to the RP-2000 Mortality Tables Report). Ages 18-120. Base year 2000. MORT Tables # 1555 & 1557.
- RP2006_Employee
- Total Dataset - Employee central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 18-80. Base year 2006.
- RP2006_HealthyAnnuit
- Total Dataset - Healthy Annuitant central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 50-120. Base year 2006.
- RP2006_Disabled
- Total Dataset - Disabled retiree central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 18-120. Base year 2006.
- RP2006_BlueCol_Employee
- Total Dataset - Blue Collar - Employee central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 18-80. Base year 2006.
- RP2006_BlueCol_HealthyAnnuit
- Total Dataset - Blue Collar - Healthy Annuitant central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 50-120. Base year 2006.
- RP2006_WhiteCol_Employee
- Total Dataset - White Collar - Employee central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 18-80. Base year 2006.
- RP2006_WhiteCol_HealthyAnnuit
- Total Dataset - White Collar - Healthy Annuitant central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 50-120. Base year 2006.
- RP2006_Bot25%_Employee
- Total Dataset - Bottom Quartile - Employee central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 18-80. Base year 2006.
- RP2006_Bot25%_HealthyAnnuit
- Total Dataset - Bottom Quartile - Healthy Annuitant central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 50-120. Base year 2006.
- RP2006_Top25%_Employee
- Total Dataset - Top Quartile - Employee central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 18-80. Base year 2006.
- RP2006_Top25%_HealthyAnnuit
- Total Dataset - Top Quartile - Healthy Annuitant central year 2006 rates used to develop RP-2014. Same as RP-2014 rates projected back to 2006 using MP-2014 (see RP-2006 Mortality Rates Document). Ages 50-120. Base year 2006.
- PubG_2010_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted General Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubG_2010_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted General Mortality Table - Retiree. Ages 50-120. Base year 2010.
- PubG_2010A_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted General Above-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubG_2010A_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted General Above-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubG_2010B_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted General Below-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubG_2010B_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted General Below-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubGH_2010_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted General Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubGH_2010_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted General Mortality Table - Retiree. Ages 50-120. Base year 2010.
- PubGH_2010A_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted General Above-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubGH_2010A_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted General Above-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubGH_2010B_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted General Below-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubGH_2010B_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted General Below-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubNS_2010_Disabled
- Exposure draft August 2018: Pub-2010 Amount-weighted Non-Safety Mortality Table - Disabled Retiree. Ages 18-120. Base year 2010.
- PubNSH_2010_Disabled
- Exposure draft August 2018: Pub-2010 Headcount-weighted Non-Safety Mortality Table - Disabled Retiree. Ages 18-120. Base year 2010.
- PubS_2010_Disabled
- Exposure draft August 2018: Pub-2010 Amount-weighted Safety Mortality Table - Disabled Retiree. Ages 18-120. Base year 2010.
- PubS_2010_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted Safety Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubS_2010_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted Safety Mortality Table - Retiree. Ages 45-120. Base year 2010.
- PubS_2010A_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted Safety Above-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubS_2010A_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted Safety Above-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubS_2010B_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted Safety Below-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubS_2010B_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted Safety Below-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubSH_2010_Disabled
- Exposure draft August 2018: Pub-2010 Headcount-weighted Safety Mortality Table - Disabled Retiree. Ages 18-120. Base year 2010.
- PubSH_2010_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted Safety Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubSH_2010_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted Safety Mortality Table - Retiree. Ages 45-120. Base year 2010.
- PubSH_2010A_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted Safety Above-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubSH_2010A_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted Safety Above-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubSH_2010B_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted Safety Below-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubSH_2010B_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted Safety Below-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubT_2010_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted Teachers Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubT_2010_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted Teachers Mortality Table - Retiree. Ages 55-120. Base year 2010.
- PubT_2010A_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted Teachers Above-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubT_2010A_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted Teachers Above-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubT_2010B_Employee
- Exposure draft August 2018: Pub-2010 Amount-weighted Teachers Below-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubT_2010B_Retiree
- Exposure draft August 2018: Pub-2010 Amount-weighted Teachers Below-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubTH_2010_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted Teachers Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubTH_2010_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted Teachers Mortality Table - Retiree. Ages 55-120. Base year 2010.
- PubTH_2010A_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted Teachers Above-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubTH_2010A_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted Teachers Above-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- PubTH_2010B_Employee
- Exposure draft August 2018: Pub-2010 Headcount-weighted Teachers Below-median Mortality Table - Employee. Ages 18-80. Base year 2010.
- PubTH_2010B_Retiree
- Exposure draft August 2018: Pub-2010 Headcount-weighted Teachers Below-median Mortality Table - Retiree. Ages 18-80. Base year 2010.
- Pub_2010_ContSurvivor
- Exposure draft August 2018: Pub-2010 Amount-weighted Mortality Table - Contingent Survivor. Ages 45-120. Base year 2010.
- Pub_2010A_ContSurvivor
- Exposure draft August 2018: Pub-2010 Amount-weighted Above-median Mortality Table - Contingent Survivor. Ages 45-120. Base year 2010.
- Pub_2010B_ContSurvivor
- Exposure draft August 2018: Pub-2010 Amount-weighted Below-median Mortality Table - Contingent Survivor. Ages 45-120. Base year 2010.
- PubH_2010_ContSurvivor
- Exposure draft August 2018: Pub-2010 Headcount-weighted Mortality Table - Contingent Survivor. Ages 45-120. Base year 2010.
- PubH_2010A_ContSurvivor
- Exposure draft August 2018: Pub-2010 Headcount-weighted Above-median Mortality Table - Contingent Survivor. Ages 45-120. Base year 2010.
- PubH_2010B_ContSurvivor
- Exposure draft August 2018: Pub-2010 Headcount-weighted Below-median Mortality Table - Contingent Survivor. Ages 45-120. Base year 2010.
- 2012_IAM_Basic
- 2012 Individual Annuity Mortality Basic Table (Exhibit I on pages 25-26 in the 2012 Individual Annuity Reserving Table Report). Basis: Age Nearest Birthday. Ages 18-120. Base year 2012. MORT Tables # 2581 & 2582.
- 2012_IAM_Period
- 2012 Individual Annuity Mortality Period Table (Exhibit II on pages 28-29 in the 2012 Individual Annuity Reserving Table Report). Basis: Age Nearest Birthday. Ages 18-120. Base year 2012. MORT Tables # 2585 & 2586.
- CPM2014
- Canadian Pensioners' Mortality Table, composite of public and private sector plans for 1999-2008, projected forward to 2014 using the CPM Improvement Scale B (Memorandum: CPM 2014 Mortality Tables). Ages 18-115. Base year 2014. MORT Tables # 2790 & 2791.
- CPM2014_Private
- Canadian Pensioners' Mortality Table, based on private sector data for 1999-2008, projected forward to 2014 using the CPM Improvement Scale B (Memorandum: CPM 2014 Mortality Tables). Ages 18-115. Base year 2014. MORT Tables # 2794 & 2795.
- CPM2014_Public
- Canadian Pensioners' Mortality Table, based on public sector plans for 1999-2008, projected forward to 2014 using the CPM Improvement Scale B (Memorandum: CPM 2014 Mortality Tables). Ages 18-115. Base year 2014. MORT Tables # 2792 & 2793.
- RP2014_Employee
- RP-2014 Amount-weighted Total Dataset - Employee (Appendix A on pages 54-56 in the RP-2014 Mortality Tables Report). Ages 18-80. Base year 2014. MORT Tables # 3123 & 3124.
- RP2014_HealthyAnnuit
- RP-2014 Amount-weighted Total Dataset - Healthy Annuitant (Appendix A on pages 54-56 in the RP-2014 Mortality Tables Report). Ages 50-120. Base year 2014. MORT Tables # 3123 & 3124.
- RP2014_Disabled
- RP-2014 Amount-weighted Total Dataset - Disabled Retiree (Appendix A on pages 54-56 in the RP-2014 Mortality Tables Report). Ages 18-120. Base year 2014. MORT Tables # 3123 & 3124.
- RP2014_BlueCol_Employee
- RP-2014 Amount-weighted Blue Collar - Employee (Appendix A on pages 57-59 in the RP-2014 Mortality Tables Report). Ages 18-80. Base year 2014. MORT Tables # 3125 & 3126.
- RP2014_BlueCol_HealthyAnnuit
- RP-2014 Amount-weighted Blue Collar - Healthy Annuitant (Appendix A on pages 57-59 in the RP-2014 Mortality Tables Report). Ages 50-120. Base year 2014. MORT Tables # 3125 & 3126.
- RP2014_WhiteCol_Employee
- RP-2014 Amount-weighted White Collar - Employee (Appendix A on pages 60-62 in the RP-2014 Mortality Tables Report). Ages 18-80. Base year 2014. MORT Tables # 3127 & 3128.
- RP2014_WhiteCol_HealthyAnnuit
- RP-2014 Amount-weighted White Collar - Healthy Annuitant (Appendix A on pages 60-62 in the RP-2014 Mortality Tables Report). Ages 50-120. Base year 2014. MORT Tables # 3127 & 3128.
- RP2014_Bot25%_Employee
- RP-2014 Amount-weighted Bottom Quartile - Employee (Appendix A on pages 63-65 in the RP-2014 Mortality Tables Report). Ages 18-80. Base year 2014. MORT Tables # 3129 & 3130.
- RP2014_Bot25%_HealthyAnnuit
- RP-2014 Amount-weighted Bottom Quartile - Healthy Annuitant (Appendix A on pages 63-65 in the RP-2014 Mortality Tables Report). Ages 50-120. Base year 2014. MORT Tables # 3129 & 3130.
- RP2014_Top25%_Employee
- RP-2014 Amount-weighted Top Quartile - Employee (Appendix A on pages 66-68 in the RP-2014 Mortality Tables Report). Ages 18-80. Base year 2014. MORT Tables # 3131 & 3132.
- RP2014_Top25%_HealthyAnnuit
- RP-2014 Amount-weighted Top Quartile - Healthy Annuitant (Appendix A on pages 66-68 in the RP-2014 Mortality Tables Report). Ages 50-120. Base year 2014. MORT Tables # 3131 & 3132.
- RPH2014_Employee
- RPH-2014 Headcount-weighted Total Dataset - Employee (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 18-80. Base year 2014. MORT Tables # 3141 & 3142.
- RPH2014_HealthyAnnuit
- RPH-2014 Headcount-weighted Total Dataset - Healthy Annuitant (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 50-120. Base year 2014. MORT Tables # 3141 & 3142.
- RPH2014_Disabled
- RPH-2014 Headcount-weighted Total Dataset - Disabled Retiree (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 18-120. Base year 2014. MORT Tables # 3141 & 3142.
- RPH2014_BlueCol_Employee
- RPH-2014 Headcount-weighted Blue Collar - Employee (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 18-80. Base year 2014. MORT Tables # 3143 & 3144.
- RPH2014_BlueCol_HealthyAnnuit
- RPH-2014 Headcount-weighted Blue Collar - Healthy Annuitant (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 50-120. Base year 2014. MORT Tables # 3143 & 3144.
- RPH2014_WhiteCol_Employee
- Headcount-weighted RPH-2014 White Collar - Employee (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 18-80. Base year 2014. MORT Tables # 3145 & 3146.
- RPH2014_WhiteCol_HealthyAnnuit
- Headcount-weighted RPH-2014 White Collar - Healthy Annuitant (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 50-120. Base year 2014. MORT Tables # 3145 & 3146.
- RPH2014_Bot25%_Employee
- Headcount-weighted RPH-2014 Bottom Quartile - Employee (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 18-80. Base year 2014. MORT Tables # 3147 & 3148.
- RPH2014_Bot25%_HealthyAnnuit
- Headcount-weighted RPH-2014 Bottom Quartile - Healthy Annuitant (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 50-120. Base year 2014. MORT Tables # 3147 & 3148.
- RPH2014_Top25%_Employee
- Headcount-weighted RPH-2014 Top Quartile - Employee (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 18-80. Base year 2014. MORT Tables # 3149 & 3150.
- RPH2014_Top25%_HealthyAnnuit
- Headcount-weighted RPH-2014 Top Quartile - Healthy Annuitant (not RP-2014, which is amount-weighted) (Supplemental RPH-2014 Mortality Rates). Ages 50-120. Base year 2014. MORT Tables # 3149 & 3150.
- None
- Mortality rates are set to zero below the benefit commencement age.

Projection Scales

The Annuity Factor Calculator allows users to select any of the mortality projection scales listed below. For some of the projection scales, reports and background material are available. In addition, the projection scales are available in electronic form.

- G2
- Mortality Improvement Projection Scale G2. (Tables 13 and 14 on pages 13-14 in the 2012 Individual Annuity Reserving Table Report). Basis: Age Nearest Birthday. MORT # 2583 (Male) 2584 (Female).
- BB_1D
- Interim One-Dimensional Mortality Improvement Scale BB. (Appendix A on pages 28-30 in the Mortality Improvement Scale BB Report). MORT # 1511 (Male) 1512 (Female).
- BB_2D
- Two-Dimensional Mortality Improvement Rates Underlying Projection Scale BB. (Mortality Improvement Scale BB Report). MORT # 1608 (Male) 1609 (Female).
- AA
- 1994 Mortality Improvement Projection Scale AA. (Table 7-3 in the RP-2000 Mortality Tables Report). MORT # 924 (Male) 923 (Female).
- MP2014
- Scale MP-2014. (Appendix A on pages 30-37 in the Mortality Improvement Scale MP-2014 Report). MORT # 3135 (Male) 3136 (Female).
- MP2015
- Scale MP-2015. (Mortality Improvement Scale MP-2015 Report). MORT # 3373 (Male) 3374 (Female).
- MP2016
- Scale MP-2016. (Mortality Improvement Scale MP-2016 Report). MORT # 3386 (Male) 3385 (Female).
- MP2017
- Scale MP-2017. (Mortality Improvement Scale MP-2017 Report).
- CPM2014_B
- CPM Improvement Scale B for use with the CPM2014 tables. (Memorandum: CPM 2014 Mortality Tables). MORT # 2798 (Male) 2799 (Female).
- CPM2014_B1
- CPM Improvement Scale B1-2014 for use with the CPM-RPP14 tables before 2016. (Memorandum: CPM 2014 Mortality Tables). MORT # 2796 (Male) 2797 (Female).

Questions or Comments

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Technical Terms

The definitions and descriptions below apply to the Society of Actuaries Annuity Factor Calculator (AFC). These terms may have different definitions or applications in other contexts, including other materials or products prepared by the Society of Actuaries or other actuarial organizations.

- Age
- In whole years to the nearest birthday.
- Annuity factor
- Annuity factors computed by the AFC are for use with annualized benefit amounts.
- BCA
- Benefit commencement age.
- BOM
- Monthly payments occur at the beginning of each month, before the mortality decrement is applied.
- BOY
- Annual payments occur at the beginning of each year, before the mortality decrement is applied.
- Certain and life annuity
- Annual or monthly benefits paid beginning immediately and continuing for as long as the primary annuitant lives, but for at least as long as the specified certain period. For a deferred annuity, the certain period begins when benefits begin. If the annuitant dies during the certain period, payments continue to a beneficiary or estate until the end of the certain period.
- COLA (Cost of Living Adjustment)
- The annual rate at which benefits are increased after benefit commencement. No increases are assumed to occur prior to benefit commencement.
- Deferred annuity
- Annual or monthly benefits paid beginning at a specified future benefit commencement age provided that the annuitant lives to that age. For joint and survivor annuities, survivorship contingency is included during deferral.
- Duration
- The approximate percentage change in annuity factor per 100 basis point change in discount rate. Duration of 8.2 means that for discount rate decrease of 100 basis points, the annuity factor will increase by approximately 8.2%. There are a variety of types of duration; AFC calculates effective duration.
- EOM
- Monthly payments occur at the end of each month, after the mortality decrement is applied.
- EOY
- Annual payments occur at the end of each year, after the mortality decrement is applied.
- Generational mortality projection
- Mortality rates are projected from the table's base year as noted in the AFC's Mortality Tables descriptions.
- Joint and survivor annuity
- Annual or monthly benefits paid beginning immediately to a primary annuitant for as long as the primary annuitant lives. Upon the primary annuitant’s death, if the beneficiary is living, a specified percentage of the primary annuitant’s benefit continues to the beneficiary for as long as he or she lives.
- Joint life annuity
- Annual or monthly benefits paid for as long as both the primary annuitant and beneficiary live; benefits cease upon the first death of the primary annuitant or beneficiary.
- Monthly exact
- Mortality decrements are applied assuming a uniform distribution of deaths throughout the year.
- Monthly approx 11/24 BOM
- The Woolhouse approximation formula to determine the present value of an annuity with monthly payments from an annuity factor for annual payments: äx(12) = äx – 11/24 * prob(x survives to BCA) * interest discount from BCA to x
- MORT #
- SOA table identity number in Mortality and Other Rate Tables.
- Mortality projection
- Mortality improvement is assumed for whole numbers of years. For descriptions of the specific mortality projection (improvement) scales available in the AFC see Projection Scales.
- Mortality table
- For the descriptions of the specific mortality tables available in the AFC see Mortality Tables.
- Single life annuity
- Annual or monthly benefits paid beginning immediately and continuing for as long as the annuitant lives; payments cease when the annuitant dies.
- Static mortality projection
- Mortality rates are projected from the table's base year to the valuation year plus the number of static projection years. Each table’s base year is noted in AFC’s Mortality Tables descriptions.
- Uniform distribution of deaths
- AFC assumes uniform distribution of deaths during a year.