Regulatory and Legislative

PBGC Updates Mortality Tables for 2023

The Pension Benefit Guarantee Corporation has updated the ERISA Section 4044 Mortality Table to now include factors for 2023 valuation dates. This mortality table is used to determine the present value of annuities in involuntary terminations and distress terminations of single-employer plans. The web page also includes updates to a unisex version of the table that is used in determining benefit transfer amounts under the missing participant program in accordance with ERISA Section 4050. 

Regulatory and Legislative

ESG Final Rule Published in Federal Register

ESG Final Rule Published in Federal Register

The DOL’s final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights has been published in the Federal Register.