IRS issues updated static mortality tables for 2014 and 2015

The IRS has issued a notice providing the static mortality tables to be used under Code Sec. 430(h)(3)(A) and ERISA §303(h)(3)(A) for purposes of calculating the funding target and other items for valuation dates occurring during calendar years 2014 and 2015. The notice includes a modified “unisex” version of the mortality tables for use in determining minimum present value under Code Sec. 417(e)(3) and ERISA §205(g)(3) for distributions with annuity starting dates that occur during stability periods beginning in the 2014 and 2015 calendar years.

The notice also includes requests for comments concerning the publication of mortality tables for future years. Comments are due by October 8, 2013.

Source: IRS Notice 2013-49.

For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer’s Benefits Reports.

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