Updated mortality tables released by the IRS last week will make the cost of employers' defined benefit plans more expensive.
That news will not come as a shock to plan sponsors and actuaries.
The IRS delayed implementing the new mortality numbers, which impact how plans calculate funding status, annual required contributions to pension plans, and the premiums they pay the Pension Benefit Guaranty Corp., in 2015.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.