IRS Issues PLR Approving Substitute Mortality Tables for Pension Plan Funding Standards

The IRS has issued a private letter ruling on I.R.C. §430 approving the use of base substitute mortality tables for determining minimum funding standards for a taxpayer’s aggregated group of pension plans for male and female participants for up to 5 plan years beginning January 1, 2026. [PLR 202613006]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.