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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IRS Releases Final Regulation for Methodology for Determining Present Value for DB Plans
Jan 12, 2024, 06:00
by
Anne Newhouse
The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations
specifying the methodology for using the corporate bond yield curve to
determine the interest rates used in calculating present value and for
making other calculations for defined benefit plans. These regulations
affect participants in, beneficiaries of, employers maintaining, and
administrators of certain retirement plans, as well as insurance
companies.These regulations apply for determining the corporate
bond yield curve under section 430(h)(2)(D) of the Internal Revenue Code
(IRC) for months that begin on or after February 1, 2024.
The final rule is effective January 12 2024.
The final rule is effective January 12 2024.