The IRS recently released Notice 2023-73, which contains a mortality table for use in determining minimum present value under IRC Section 417(e)(3) and Section 205(g)(3) of ERISA for distributions ...
When determining alternative pension benefits (such as joint and survivor annuities and early retirement benefits), a recent court decision held that underlying actuarial assumptions selected decades ...
The Pension Benefit Guaranty Corporation updated its 4044 and 4050 mortality tables for 2024. The tables are named after the sections of the Employee Retirement Income Security Act to which they apply ...
The lawsuit alleges that Pinnacle West, an electric utility, used outdated mortality tables, causing it to underestimate the present value of employee pensions. Former employees of Pinnacle West, an ...
Last week, two different federal courts came to two different conclusions regarding whether the use of allegedly “outdated” mortality tables violates ERISA’s provisions that certain lifetime annuities ...
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