IRS Issues PLR Approving Substitute Mortality Tables for Single-Employer Defined Benefit Pension Plans

The IRS has issued a private letter ruling on I.R.C. §430 approving the use of substitute mortality tables for making minimum funding standard computations for a group of single-employer defined benefit pension plans for up to 10 plan years beginning January 1, 2026, based on experience study data from 2021-2023 with a base year of 2022. [PLR 202614039]

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