Updated mortality tables released by the IRS last week will make the cost of employers' defined benefit plans more expensive.
That news will not come as a shock to plan sponsors and actuaries.
The IRS delayed implementing the new mortality numbers, which impact how plans calculate funding status, annual required contributions to pension plans, and the premiums they pay the Pension Benefit Guaranty Corp., in 2015.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
