Regulatory Updates

PBGC’s November Interest Rate Assumptions for DB Calculations

October 14, 2021 -- Scheduled to be published in the October 15, 2020 Federal Register, are Pension Benefit Guaranty Corporation (PBGC)-updated interest rate assumptions for benefit payments in terminating single-employer defined benefit pension plans. Specifically, these interest assumptions are for benefit payments with valuation dates in November 2020 and apply to plans insured by PBGC.

Regulatory Updates

IRS Revises Rollover Self-Certification Rules

The IRS has issued modified guidance for taxpayers to self-certify their eligibility for an extension of the 60-day deadline to complete an otherwise-eligible rollover.