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 Issues Final Rule Amending the Allocation of Assets for Single-Employer Pension Plans
Dec 19, 2024, 06:00
by
Anne Newhouse
The Pension Benefit Guaranty Corporation (PBGC) released a final rule to amend the allocation of assets in single-employer plans by substituting a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary termination with valuation dates falling in 2025. The new table is needed to compute the value of early retirement benefits and the total value of benefits under a plan.
This rule also updates the table to provide the mortality assumption for use with PBGC’s missing participants program for benefit determination dates in 2025.
The final regulations are effective January 1, 2025.
This rule also updates the table to provide the mortality assumption for use with PBGC’s missing participants program for benefit determination dates in 2025.
The final regulations are effective January 1, 2025.