PBGC Publishes Age Table for 2021 Valuations in DB Plans

Published in today’s Federal Register are Pension Benefit Guaranty Corporation (PBGC) final regulations providing an updated age table for determining benefits in single-employer defined benefit pension plans undergoing distress or involuntary termination. The table is for valuation dates falling in 2021. As noted by PBGC, “this table is needed to compute the value of early retirement benefits, and thus the total value of benefits under the plan.”