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Regulation and Compliance > Federal Regulation > IRS

IRS Completes Pension Mortality Table Regs

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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.

One provision in the regulations permits large employers to develop their own mortality tables if they could provide data for at least 1,000 plan deaths over a 4-year period.

IRS officials declined to act on requesters from commenters that it allow some plans to provide their own mortality tables with fewer deaths, but it will be allowing plans to gather the data for 1,000 deaths over a 5-year period, rather than a 4-year period.


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