IRS Issues Updated Mortality Tables for 2018 – Impact on Pension Plan Sponsors

By Jeffrey Holdvogt and McDermott Will & Emery on October 24, 2017

Posted In Employee Benefits, Employment, Retirement Plans

The IRS recently issued new mortality tables for 2018, which will likely increase pension funding liabilities for many plan sponsors. Plan sponsors should consider options to delay the use of the new mortality tables for funding purposes, while large plan sponsors should consider the option to utilize plan-specific mortality tables instead.

Tags: Defined Benefit Pension Plans, Federal Taxation, Internal Revenue Service (IRS), Mortality Improvement Scale Report, Mortality Table, Mortality Tables Report, Notice 2017-60, Pension Benefit Guaranty Corporation (PBGC), Pension Protection Act of 2006, plan sponsors, Revenue Procedure 2017-55, Society of Actuaries, US Department of Treasury

Jeffrey Holdvogt
Jeffrey (Jeff) M. Holdvogt advises clients regarding a wide range of employee benefits matters. He focuses primarily on the design and administration of complex pension, defined contribution and executive deferred compensation arrangements. Jeff counsels privately and publicly held corporations on ongoing day-to-day retirement and executive compensation issues, as well as employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. Read Jeff Holdvogt's full bio.

McDermott Will & Emery

IRS Issues Updated Mortality Tables for 2018 – Impact on Pension Plan Sponsors

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