PBGC Releases ERISA Sections 4044 & 4050 Mortality Tables for 2024 Valuations
Published November 10, 2023
Pension , Regulatory Updates
The Pension Benefit Guaranty Corporation (PBGC) has published its annual update to mortality tables.
ERISA Section 4044 Mortality Table for 2024 Valuation Dates
- Used to determine the present value of annuities in involuntary terminations and distress terminations of single-employer plans (per 29 CFR 4044).
- Used when a multiemployer plan incurs a mass withdrawal (per 29 CFR 4281).
ERISA Section 4050 Mortality Table for 2024 Valuation Dates
- Used as a unisex version of the ERISA Section 4044 Table in specified situations to determine the benefit transfer amount under the Missing Participants Program (per 29 CFR 4050).