2/15/17 - Mortality Table Update for Defined Benefit Pension Plans Wednesday, February 15, 2017 (11am - 12pm US/Eastern)

The long-awaited proposed mortality tables specify the probability of survival year by year for an individual based on age, gender, and other factors. This information is used (together with other actuarial assumptions) to calculate the present value of a stream of expected future benefit payments for purposes of determining the minimum funding requirements for the plan. These mortality tables are also relevant to determining the minimum required amount of a lump sum distribution from such a plan.

The regulations are proposed to apply to plan years beginning on or after January 1, 2018. Comments on the proposed rules are due by the end of March and a hearing is scheduled for April 13, 2017.

Please join us for a webinar that will review the rule and impact on defined benefit pension plans. This webinar will assist us in developing the comments that we will submit to the IRS.

The webinar will be led by actuaries from Mercer (stay tuned for bios). We thank Mercer for assisting ERIC on this project.