"This revenue procedure modifies section 12 of Rev. Proc. 2024-32 ... [which] specifies the procedure by which the sponsor of a defined benefit plan that is subject to the funding requirements of Section 430 of the Internal Revenue Code may request approval from the [IRS] for the use of plan-specific substitute mortality tables in accordance with Section 430(h)(3)(C) and Section 1.430(h)(3)-2 of the Treasury Regulations.

"Section 12.02 of Rev. Proc. 2024-32 specifies that, in conjunction with the replacement of the generally applicable mortality tables, certain plan sponsors that wish to continue using plan-specific mortality tables must develop and request approval for the use of new plan-specific substitute mortality tables for plan years beginning on or after January 1, 2026. This revenue procedure provides immediate relief for some of those plan sponsors by narrowing the category of plan sponsors that are required to request approval of new plan-specific substitute mortality tables."  MORE >>