§ 2.124.120 — Interest rate-Mortality table

2.124.120 Interest rate-Mortality table.

A. Interest Rate. The interest rate used for determining actuarial equivalence (except for the purpose of Section 2.124.1830 of this chapter) shall change each year effective July 1st. The effective rate shall be the average of the three immediately preceding annual rates of return on investable assets of the system, rounded down to the nearest quarter percent, but may not be less than seven percent. The interest rate used to calculate the actuarial equivalent of the reduction in allowances payable under Section 2.124.1830 of this chapter shall be seven percent. B. Mortality Table. The mortality rates for determining actuarial equivalence shall be the following: Post Retirement Mortality Age | Nondisability Participant | Retirement Spouse 20 | .00057 | .00047 21 | .00060 | .00048 22 | .00062 | .00049 23 | .00065 | .00051 24 | .00067 | .00052 25 | .00071 | .00054 26 | .00074 | .00055 27 | .00078 | .00057 28 | .00082 | .00060 29 | .00087 | .00062 30 | .00092 | .00065 31 | .00098 | .00067 32 | .00105 | .00071 33 | .00112 | .00074 34 | .00119 | .00078 35 | .00128 | .00082 36 | .00137 | .00087 37 | .00148 | .00092 38 | .00159 | .00098 39 | .00172 | .00105 40 | .00186 | .00112 41 | .00204 | .00119 42 | .00220 | .00128 43 | .00258 | .00137 44 | .00293 | .00148 45 | .00334 | .00159 46 | .00379 | .00172 47 | .00429 | .00186 48 | .00483 | .00204 49 | .00541 | .00220 50 | .00603 | .00258 51 | .00670 | .00293 52 | .00740 | .00334 53 | .00814 | .00379 54 | .00891 | .00429 55 | .00972 | .00483 56 | .01057 | .00541 57 | .01146 | .00603 58 | .01239 | .00670 59 | .01340 | .00740 60 | .01449 | .00814 61 | .01571 | .00891 62 | .01710 | .00972 63 | .01870 | .01057 64 | .02056 | .01146 65 | .02275 | .01239 66 | .02534 | .01340 67 | .02806 | .01449 68 | .03073 | .01571 69 | .03349 | .01710 70 | .03662 | .01870 71 | .04052 | .02056 72 | .04487 | .02275 73 | .04958 | .02534 74 | .05471 | .02806 75 | .06026 | .03073 76 | .06661 | .03349 77 | .07392 | .03662 78 | .08212 | .04052 79 | .09117 | .04487 80 | .10085 | .04958 81 | .11104 | .05471 82 | .12166 | .06026 83 | .13265 | .06661 84 | .14402 | .07392 85 | .15572 | .08212 86 | .16790 | .09117 87 | .18060 | .10085 88 | .19393 | .11104 89 | .20799 | .12166 90 | .22288 | .13265 91 | .23617 | .14402 92 | .25017 | .15572 93 | .26502 | .16790 94 | .28085 | .18060 95 | .29780 | .19393 96 | .31606 | .20799 97 | .33580 | .22288 98 | .35724 | .23617 99 | .38058 | .25017 100 | .40606 | .26502 101 | .43393 | .28085 102 | .46442 | .29780 103 | .50010 | .31606 104 | .54355 | .33580 105 | .59733 | .35724 106 | .66401 | .38058 107 | .74616 | .40606 108 | .84635 | .43393 109 | .96713 | .46442 110 | 1.0000 | 1.00000 (Prior code § 34.01.112)