Pension & Benefits News IRS seeks comments on proposed form used for annual certification by multiemployer defined benefit plans
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Friday, August 7, 2020

IRS seeks comments on proposed form used for annual certification by multiemployer defined benefit plans

By Pension and Benefits Editorial Staff

The IRS is seeking comments on a new, proposed collection of information concerning guidance for the annual certification for multiemployer defined benefit plans. This is a new request for a proposed form for actuaries to report the funding status of multiemployer defined benefit plans. Actuaries have been required to submit certifications regarding plans’ funding statuses since 2008 under Code Sec. 432, but the IRS is proposing a form to encourage consistency of the format of certifications submitted annually and to simplify the process.

Written comments, which should be received on or before August 24, 2020, should be directed to: Kinna Brewington, Internal Revenue Service, Room 6529, 1111 Constitution Avenue NW., Washington, DC 20224.

Source: 86 FR 38020.

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