ERISA Services, Inc.
Compensation Strategies Group, Ltd.
The Retirement Plan Company (TRPC)/an ABG firm
Creative Pension Consultants, Inc.
Atlantic Pension Services Inc
Nova 401(k) Associates
Nicholas Pension Consultants
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Text of IRS Notice 2015-53: Updated Static Mortality Tables for DB Pension Plans for 2016 (PDF)|
Internal Revenue Service [IRS]
July 31, 2015
8 pages. "This notice provides updated static mortality tables to be used for defined benefit pension plans under Section 430(h)(3)(A) of the Internal Revenue Code and Section 303(h)(3)(A) of [ERISA]. These updated tables, which are being issued using the methodology in the existing final regulations under Section 430(h)(3)(A), apply for purposes of calculating the funding target and other items for valuation dates occurring during calendar year 2016. This notice also includes a modified unisex version of the mortality tables for use in determining minimum present value under Section 417(e)(3) of the Code and Section 205(g)(3) of ERISA for distributions with annuity starting dates that occur during stability periods beginning in the 2016 calendar year....
"After regulations implementing new mortality tables are finalized, as additional data regarding mortality improvement for more recent years becomes available, the Treasury Department and IRS expect to regularly review trends in mortality improvement and will update the projection of mortality improvement as necessary."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|