You are subscribed to What's News for Practitioners updates for the Pension Benefit Guaranty Corporation (PBGC). PBGC has recently posted the following update to the What's New for Practitioners web page:
Mortality Tables: PBGC has updated the ERISA section 4044 mortality table for 2022 valuations. This table is used to determine liabilities when a single-employer plan terminates in an involuntary or distress termination (per 29 CFR 4044). It is also used when a multiemployer plan incurs a mass withdrawal (per 29 CFR 4281). HTML and Excel versions of the 2022 mortality tables are available on PBGC’s ERISA section 4044/4050 mortality table webpage. A unisex version of the table is also available on that web page. The unisex version is used in specified situations to determine the benefit transfer amount under the Missing Participants Program (per 29 CFR 4050). (11/23/2021)
