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Updated 417(e) Mortality Table Will Decrease 2024 Lump Sum Values in Most Defined Benefit Plans
Cowden Associates, Inc. 
[Guidance Overview] Oct. 24, 2023 "Preliminary analysis shows that the new table will reduce lump sums by approximately 1.25% to 1.5% for participants in plans with a normal retirement age of 65. This reduction is significant, but may be lost in the effect of increasing corporate bond rates trending higher than those in place for 2023 lump sums." |
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