I was recently talking to the Benefits executive that is responsible the calculations related to maintaining the appropriate reserves for our pension plans. The number of deaths during COVID for our retirees was not noticeably different than before. (So no relief on the reserves required,) She said Towers Watson indicated that that this is not uncommon for other employers also. She had expected that since this is an older population, it would have been impacted.
Our total employee death rate was not different either, so no big changes to Life Insurance rates.
Medical costs are way up though. People seemed to put off a lot of care during the early stages of Covid, and there is pent up demand now. (E.g. I just had my first “annual” physical for the first time in 2.5 years.)