AFN related

[Jakyasar]

This is an AFN related question as I am not sure the info is correct for calendar 2025.

My valuation program provider generated an AFN with 2025 PBGC maximum benefit however payable in 2026 and they think this is the right way to reflect on the AFN with the new changes.

In the past, before they changed their programming for 2025, it would have given me 2026 PBGC limit and payable 2026.

I have it checked it with another valuation program provider and it provided 2026 PBGC limit and payable in 2026.

Anyone checked this?

[Jakyasar]

Any takers?

[Effen]

It's just an AFN.  Do whatever you think is reasonable.  Generally, we are putting on the most current information available, but I don't know if there is a clear rule.  

[Paul I]

The PBGC maximum benefit is most relevant to plans of bankrupt plan sponsors, or plans the terminate with insufficient assets (i.e., when the PBGC may be called upon to pay out benefits).  In these cases, the AFN should use the maximum in effect in the year that above events occurred.  Otherwise, I agree with @Effen that you could use the "notice year" (2025 for AFNs being sent out in 2026), or the year in which the notice is sent (2026).