Does your company have a single-employer defined benefit pension plan? The IRS has provided updated mortality improvement rates and static mortality tables to be used with these plans. The tables’ purpose is to help calculate the funding target and other items for valuation dates in calendar-year 2021. A modified unisex version of the tables has also been set out. This version is for use in determining the minimum present value for distributions with annuity starting dates during stability periods, starting in the 2021 calendar year. Learn more details in in IRS Notice 2019-67: http://bit.ly/34iby77. Call or visit our website for more information! www.mjscpa.com/
