IRS Issues PLR Approving Substitute Mortality Tables for Union Plans’ Minimum Funding Calculations

The IRS issued a private letter ruling on I.R.C. §430 granting approval for Taxpayer to use substitute mortality tables for Group B union plans when making minimum funding calculations under section 430, effective for up to 5 plan years beginning January 1, 2026, reflecting actual plan experience from January 1, 2019 through December 31, 2023. [PLR 202611018]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.