Government Affairs
The Pension Benefit Guaranty Corporation (PBGC) announced on Nov. 12 that it has updated the ERISA Section 4044 mortality table for 2021 valuations.
This table is used:
- to determine liabilities when a single-employer plan terminates in an involuntary or distress termination; and
- when a multiemployer plan incurs a mass withdrawal.
HTML and Excel versions of the 2021 mortality tables are available on PBGC’s ERISA Section 4044/4050 mortality table webpage here. The tables for other years are available here.
A unisex version of the table is also available on that webpage here. This version is used in specified situations to determine the benefit transfer amount under the Missing Participants Program.
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