N-2017-60 & RP-2017-55: Mortality Tables

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October 3, 2017

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Issue Number: N-2017-60 & RP-2017-55

Inside This Issue

Notice 2017-60 sets forth: (1) the mortality table to be used to determine minimum lump sums for distributions during stability periods beginning in the 2018 calendar year, and (2) updated mortality tables for 2018 determined under prior regulations. The updated mortality tables determined under prior regulations apply to certain plans with end-of-year valuation dates, and certain plans for which a transition option under new regulations is used for the 2018 plan year.

Revenue Procedure 2017-55 provides procedures for obtaining approval to use plan-specific mortality tables for pension funding purposes in lieu of the standard mortality tables that are generally required to be used.

Both Notice 2017-60 and Revenue Procedure 2017-55 will be published in Internal Revenue Bulletin 2017-43 on Oct. 23, 2017.

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