Regardingamendments to the Compilation of Insurance and Reinsurance Regulations.
Highlights
Communication 250 contains tables to be used to comply with Articles 94.2 and 94.3.
This has modified current actuarial values of total disability pensions and pensions for death of the member, mortality tables and probability of leaving beneficiaries.
Communication 251 contains mortality and probability of leaving beneficiaries tables that they must use in order to comply with paragraphs b and c of Article 101.
Communication 252 contains mortality tables to comply with Articles 33 and 35.
Additionally, Communication 253 reported reference yield curve for first half of 2025.
Communication 2024/254 reported Pure Theoretical Income referred to in Art. 101.1.
Effectiveness
First, Com. 2024/250, 2024/251, 2024/252 shall be in force on Jan. 1, 2025.
Then, Com. 2024/253 data will be issued on 7th business day of the prior month.
Finally, Com. 2024/254 effective in 1st half of 2025 for retirement ages of 60 to 65.
Regulators
URY CB
Entity Types
Ins; Pension
Reference
Com 2024/250, Com 2024/251, Com 2024/252, Com 2024/253, Com 2024/254, 12/13/2024
Functions
Actuarial and Valuation; Compliance; Legal; Reinsurance; Reporting; Risk
