The IRS has asked for additional comments on its recent update to the requirements pension sponsors must meet when using plan-specific mortality tables to calculate present value of benefits accrued or earned under a plan.
The tax agency requested feedback Friday on its currently approved information collection for the updated regulations, which provide a new methodology for developing substitute mortality tables and change the threshold for pensions to use plan-specific mortality rates in its calculations.
Some 15 respondents are expected to comment on the burden related to the Plan-Specific Substitute Mortality Tables for Determining Present Value (RIN: 1545-BQ67) ...
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