Plan-Specific Substitute Mortality Tables for Determining Present Value

Section 412 of the Internal Revenue Code (Code) prescribes minimum funding requirements for defined benefit pension plans. Section 430 specifies the minimum funding requirements that apply generally to defined benefit plans that are single-employer plans (that is, not multiemployer plans). Revenue Procedure 2024-32 updates the procedures set forth in Rev. Proc. 2017-55 to reflect the amendments to §1.430(h)(3)-2 made by TD 10005.

The latest form for Plan-Specific Substitute Mortality Tables for Determining Present Value expires 2028-09-30 and can be found here.