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Re: Death toll to exceed 100? (London Fire)

Posted by AlM on Sat Jun 24 10:21:12 2017, in response to Re: Death toll to exceed 100? (London Fire), posted by Charles G on Sat Jun 24 09:45:17 2017.

Just stupidity, really.

And the politicization of stupidity.

You have the "regulations are inherently good" faction that includes the EU bureaucracy and results in some really stupid stuff. That breeds the "regulations are inherently bad" counter-reaction, which results in Brexit and lax fire safety codes.

In the US the IRS committed last year to updating the mortality tables used by pension plans to pay lump sums for 2018. Right now the lump sums are maybe 10% too low because the mortality tables are old.

But here's the catch: to issue a new regulation with current mortality tables, they have to figure out two existing regulations to get rid of. Oops. That takes time (and they're incredibly short staffed as a matter of government policy) and more requests for comment, etc. Looks like a whole bunch of retirees may pay for that.



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