Regulatory Updates
Regulatory Updates provide quick access to employee benefit regulations, rulings and other guidance released by governmental agencies in the U.S. and Canada.
New updates to this page may be included in Today’s Headlines which is emailed to International Foundation members each business day. Inquiries regarding these updates should be directed to the Benefits Knowledge Center at the International Foundation at (888) 334-3327, option 5 or [email protected].
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PBGC Releases ERISA Sections 4044 & 4050 Mortality Tables for 2024 Valuations
Nov 10, 2023, 06:00
by
Ashley Schmidt
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).