044-17 Wyo. Code R. § 17-5

Current through April 27, 2019

Section 17-5 - 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:

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The resulting q _x ²⁰¹²⁺ⁿ shall be rounded to three decimal places per 1,000 , e.g., 0.741 deaths per 1,000. Also, the rounding shall occur a ccording to the formula above, starting at the 2012 period table rate.

For example, for a male age 30, q_x ²⁰¹² = 0.741.

q_x ²⁰¹³= 0.741 * (1 - 0.010) ^ 1 = 0.73359, which is rounded to 0.734.

q_x ²⁰¹⁴= 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_x ²⁰¹⁴ as q_x ²⁰¹³ * (1 - 0.010), or

0.734 * 0.99 = 0.727. It is incorrect to use the already rounded q_x ²⁰¹³ to calculate q_x ²⁰¹⁴.

044-17 Wyo. Code R. § 17-5

Amended, Eff. 1/8/2015.