PBGC Updates Mortality Table for 2022 Valuations

The Pension Benefit Guaranty Corporation (PBGC) announced on Nov. 23 that it has updated the ERISA Section 4044 mortality table for 2022 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 2022 mortality tables are available on PBGC’s ERISA Section 4044/4050 mortality table webpage here. 

The tables for other years are available there as well, as is a unisex version of the table. This version is used in specified situations to determine the benefit transfer amount under the Missing Participants Program.