Page 58 - BAA CAFR 2017

BIRMINGHAM AIRPORT AUTHORITY
NOTES TO THE FINANCIAL STATEMENTS

NOTE 10 PENSION PLAN (CONTINUED)

Actuarial assumptions:

Actuarial Cost Method Entry Age Normal

Retirement rates Group specific rates based on years of service,
ranging from 20 to 35 years, with 100%
retirement at age 65. General Employees – Rates
based on age ranging from 35% at age 50 to
100% at age 74.

Mortality:

Pre-retirement Sex-distinct RP-2014 Blue Collar Employee
Mortality Table, set forward two years for males
and four years for females, projected
generationally using Scale MP-2015

Healthy annuitant Sex-distinct RP-2014 Blue Collar Healthy
Annuitant Mortality Table, set forward two years
for males and four years for females,
projected generationally using Scale MP-2015

Disabled Sex-distinct RP-2014 Disabled Retiree Mortality
Table, projected generationally with Scale MP-
2015

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