PBGC Releases ERISA Sections 4044 & 4050 Mortality Tables for 2024 Valuations

​​The Pension Benefit Guaranty Corporation (PBGC) has published its annual update to mortality tables.

ERISA Section 4044 Mortality Table for 2024 Valuation Dates

• Used to determine the present value of annuities in involuntary terminations and distress terminations of single-employer plans (per 29 CFR 4044).
• Used when a multiemployer plan incurs a mass withdrawal (per 29 CFR 4281).

ERISA Section 4050 Mortality Table for 2024 Valuation Dates

• Used as a unisex version of the ERISA Section 4044 Table in specified situations to determine the benefit transfer amount under the Missing Participants Program (per 29 CFR 4050).