PBGC Releases ERISA Sections 4044 & 4050 Mortality Tables for 2024 Valuations
Published November 10, 2023
The Pension Benefit Guaranty Corporation (PBGC) has published its annual update to mortality tables.
ERISA Section 4044 Mortality Table for 2024 Valuation Dates
- Used to determine the present value of annuities in involuntary terminations and distress terminations of single-employer plans (per 29 CFR 4044).
- Used when a multiemployer plan incurs a mass withdrawal (per 29 CFR 4281).
ERISA Section 4050 Mortality Table for 2024 Valuation Dates
- Used as a unisex version of the ERISA Section 4044 Table in specified situations to determine the benefit transfer amount under the Missing Participants Program (per 29 CFR 4050).