◀ The Principal Blog

Posts tagged ‘Actuarial’

IRS Mandates Use of New Mortality for 2018…Unless You Don’t Want To!



On October 3, 2017, the IRS released Notice 2017-60, finally acknowledging that new mortality assumptions would be required for 2018 in the determination of minimum contributions and, by association, Pension Benefit Guaranty Corporation (PBGC) premiums. But in an altruistic maneuver by the IRS (two…

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Better Never than Late: Late Retirement Windfall Lays Trap for Plan Sponsors



Since 1974, ERISA has dictated that the normal retirement date (NRD) for single employer defined benefit (DB) plans be no later than age 65. (I don’t want to say this rule is old, but the original draft defined it as “Age LXV”.)  Back then, much more focus was placed on early retirement…

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