Technical Update 08-4 expands previously issued guidance on lump sum valuation issues for single-employer plans that terminate in a standard termination in a plan year beginning on or after January 1, 2008.
Document Excerpt
This Technical Update expands guidance provided in Technical Update 07-3 on lump sum valuation issues for single-employer plans that terminate in a standard termination pursuant to ERISA section 4041. This Technical Update applies to plans that terminate on or after the effective date of certain amendments to the law as enacted by the Pension Protection Act of 2006 (“PPA 2006”). It provides guidance on how to apply the PPA 2006 changes in the interest rate and mortality table used in calculating minimum lump sum amounts.
Link http://www.pbgc.gov/practitioners/law-regulations-informal-guidance/content/tu16620.html
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