IRS Issues New Mortality Table Regulations Effective January 1, 2024
November 4, 2023ARPA Includes Key Funding Relief Provisions
March 19, 2021IRS Issues New Mortality Table Regulations Effective January 1, 2024
On October 20, 2023, the IRS published final regulations under Section 430(h) of the Code regarding the mortality tables to be used by most qualified defined benefit plans for valuation dates on or...
Read moreARPA Includes Key Funding Relief Provisions
Last week saw the American Rescue Plan Act of 2021 (ARPA) signed into law. In addition to providing additional COVID-related stimulus through direct payments and extended unemployment benefits, the...
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DOL Announces New Electronic Disclosure Rule for Retirement Plans
On May 21, 2020, the Department of Labor (DOL) announced its final rule on electronic disclosures for retirement plans. The final rule is an alternative method of furnishing electronic disclosures and...
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SECURE Act Signed into Law
Last week saw the U.S. Senate pass an omnibus spending bill, which President Trump signed into law on Friday. Attached to this bill was the Setting Every Community Up for Retirement Enhancement Act...
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IRS Announces Updates to 2020 Retirement Plan Limits
Each year the IRS provides cost of living adjustments to benefit plan limits to assist sponsors in administering their plans. On November 6, the IRS released Notice 2019-59, which provided 2020 limits...
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SOA Mortality Tables Finalized for Private-Sector Retirement Plans
In May 2019, the Society of Actuaries (SOA) released an exposure draft of the Pri-2012 Mortality Tables for private-sector retirement plans. These new tables were based on data collected for 2010 –...
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SOA Releases Mortality Improvement Scale MP-2019
When the Society of Actuaries (SOA) released the RP-2014 mortality table in 2014, they included mortality improvement scale MP-2014. The purpose of this scale is to reflect mortality improvement into...
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PBGC Releases Latest Projections
The Pension Benefit Guaranty Corporation (PBGC) released its fiscal 2018 projections report in August 2019. The PBGC operates insurance programs for Single-Employer and Multiemployer pension plans and...
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New GASB Exposure Draft Would Alter 457 Plan Reporting
The Governmental Accounting Standards Boards (GASB) released a new exposure draft in June 2019 entitled “Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a...
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New SOA Mortality Tables for Private Sector Retirement Plans
Last month (May 2019), the Society of Actuaries (SOA) released an exposure draft of the Pri-2012 Mortality Tables for private-sector retirement plans. These new tables are based on data collected for...
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