On Jul. 2, PBGC issued rule on asset allocation actuarial assumptions.
PBGC amended rule on allocation of assets in single-employer plans (29 CFR 4044.54).
Follows PBGC Apr. 2025 rule on asset allocation actuarial assumptions, see #249602.
Final Rulemaking
Regulation on allocation of assets in single-employer plans (29 CFR 4044) prescribes actuarial assumption for valuing benefits under terminating single-employer plans.
To prescribe the spreads component of the interest assumption under the asset allocation regulation for plans with valuation dates of Jul. 31, 2025 - Oct. 30, 2025.
Used for valuing benefits under terminating single-employer plans, for other purposes.
Amendments specify the spreads used to determine the 4044 yield curve as of the last days of July, August, and September of 2025; removes third quarter 2024 spreads.
Also amends examples of choosing appropriate blended market yield curve and spreads for a given valuation date and directs practitioners to quarterly spreads on site
Effectiveness
Final rule effective on Jul. 31, 2025.
Regulators
PBGC
Entity Types
Ins; Pension
Reference
90 FR 28899, 7/2/2025; Citation: 29 CFR 4044.54;
Functions
Actuarial and Valuation; Compliance; HR; Legal; Reporting
