210 Neb. Admin. Code, ch. 42, § 005

Current through September 17, 2024

Section 210-42-005 - Application of the 2012 IAR Mortality Table

In using the 2012 IAR Mortality Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows:

q_x²⁰¹²⁺ⁿ = q_x²⁰¹²(1-G2_x)ⁿ

The resulting q_x²⁰¹²⁺ⁿ shall be rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000. Also, the rounding shall occur according to the formula above, starting at the 2012 periodic table rate.

For example, for a male age 30, q_x²⁰¹² = 0.741

q_x²⁰¹³ = 0.741 * (1 - 0.010) ^ 1 = 0.73359, which is rounded to 0.734

q_x²⁰¹⁴ = 0.741 * (1 - 0.010) ^ 2 = 0.7262541, which is rounded to 0.726

A method leading to incorrect rounding would be to calculate

q_x²⁰¹⁴ as q_x²⁰¹³ * (1 - 0.010), or 0.734 * 0.99 = 0.727

It is incorrect to use the already rounded q_x²⁰¹³ to calculate q_x²⁰¹⁴

210 Neb. Admin. Code, ch. 42, § 005

Amended effective 12/27/2014.