By Pension and Benefits Editorial Staff
The Pension Benefit Guaranty Corporation (PBGC) has announced that it has posted 2020 mortality tables on its website. One mortality table is used for determining the present value of annuities in involuntary terminations and distress terminations of single-employer plans with 2020 valuation dates (per 29 CFR 4044). It is also used when a multiemployer plan incurs a mass withdrawal (per 29 CFR 4281). A unisex version of that table, used in specified situations to determine the benefit transfer amount under the Missing Participants Program (per 29 CFR 4050), was also posted. The tables are available on the PBGC’s website at https://www.pbgc.gov/prac/mortality-retirement-and-pv-max-guarantee/erisa-mortality-tables.
Source: PBGC What’s New for Employers & Practitioners.
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