Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2023-12, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Deadline Relief for California Severe Winter Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, flooding, and mudslides in California.
Retirement Spotlight – DOL’s Final ESG Rule Clarifies Duties
In this latest guidance, the DOL amends the “Investment Duties” regulation.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2023-5, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
PBGC Updates Interest Assumptions for Valuing Benefits
The Pension Benefit Guarantee Corporation (PBGC) has issued a final rule updating interest assumptions under the asset allocation regulation for plans with valuation dates in the first quarter of 2023.
Proposed Regulations to Update Mortality Tables Delayed
Earlier this year, the IRS released proposed regulations to update the mortality tables that are used to calculate minimum required contributions for single-employer defined benefit (DB) pension plans.
PBGC Updates Expected Retirement Table for 2023
The new table is effective January 1, 2023.
Additional Form 5500 Guidance Under SECURE Act at OMB
The OMB has received a final rule from the DOL titled “Implement SECURE Act and Related Revisions to Employee Benefit Plan Annual Reporting on the Form 5500.”
Retirement Spotlight – Department of Labor Changes “Employee vs. Contractor” Rule
The Department of Labor’s Wage and Hour Division has once again released guidance on the definition of “employee.”
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-60, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
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