PENSION BENEFIT GUARANTY CORPORATION ISSUES RULE: ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS; VALUATION OF BENEFITS AND ASSETS; EXPECTED RETIREMENT AGE; MISSING PARTICIPANTS MORTALITY ASSUMPTION

WASHINGTON, Dec. 23 -- Pension Benefit Guaranty Corporation has issued a rule called: Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age; Missing Participants Mortality Assumption.

The rule was published in the Federal Register on Dec. 23 by Joseph Krettek, Assistant General Counsel, Pension Benefit Guaranty Corporation.

Summary: This rule amends the Pension Benefit Guaranty Corporation's regulation on Allocation of Assets in Single-Employer Plans by substituting a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary termination with valuation dates falling in 2026. This table is needed to compute the value of early ret...