The Internal Revenue Service has completed work on tables that will affect sponsors and administrators of pension plans.
The IRS published the tables in final regulations, “Mortality Tables for Determining Present Value,” today in the Federal Register.
The new final regulations, based on proposed regulations in May 2007, will take effect in some cases for plan years beginning on or after Jan. 1, 2008, and in other cases for plan years beginning on or after Jan. 1, 2009.