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PBGC Guidance for Terminations and Lump Sum Distributions Straddling January 1st, 2008
The Pension Protection Act Blog 
Dec. 5, 2007
Excerpt: For plan years beginning on or after January 1, 2008, the Pension Protection Act amended Code section 417(e)(3), changing the applicable interest rate and applicable mortality table. For single employer defined benefit plans terminating before January 1, 2008, this change created a potential lump sum valuation issue because a plan could be terminated before January 1, 2008, but not distribute until after January 1, 2008, meaning the plan could terminate under the old definition of actuarial equivalence, and distribute under the new definition of actuarial equivalence. The PBGC has clarified this situation ....
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