IRS Issues Updated Mortality Tables for 2018 – Impact on Pension Plan Sponsors

By Jeffrey Holdvogt and McDermott Will & Emery on October 24, 2017

Posted In Employee Benefits, Employment, Retirement Plans

The IRS recently issued new mortality tables for 2018, which will likely increase pension funding liabilities for many plan sponsors. Plan sponsors should consider options to delay the use of the new mortality tables for funding purposes, while large plan sponsors should consider the option to utilize plan-specific mortality tables instead.

Tags: Defined Benefit Pension Plans, Federal Taxation, Internal Revenue Service (IRS), Mortality Improvement Scale Report, Mortality Table, Mortality Tables Report, Notice 2017-60, Pension Benefit Guaranty Corporation (PBGC), Pension Protection Act of 2006, plan sponsors, Revenue Procedure 2017-55, Society of Actuaries, US Department of Treasury

Jeffrey Holdvogt
Jeffrey (Jeff) M. Holdvogt regularly counsels public and privately held companies and tax-exempt organizations on a wide range of employee benefits matters. These include the design and administration of complex pension, 401(k) and 403(b) plans, nonqualified and executive deferred compensation arrangements, fiduciary and plan investment issues under the Employee Retirement Income Security Act (ERISA), internal compliance reviews and voluntary correction filings, and benefit plan matters arising from mergers and acquisitions, as well as other ongoing day-to-day retirement and executive compensation issues. Read Jeff Holdvogt's full bio.

McDermott Will & Emery

IRS Issues Updated Mortality Tables for 2018 – Impact on Pension Plan Sponsors

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