The IRS has finally issued a statement that a new mortality table will be required for plan years beginning in 2018. While most plan sponsors have implemented RP-2014 for accounting purposes, the updated mortality table (first released in 2014) had not been adopted by the IRS for funding purposes (minimum required contribution and lump sum calculations). The proposed table will mirror that used for accounting purposes and is expected to increase liabilities and lump sums by approximately 5%. This makes 2017 the last year to implement a lump sum window before the mortality improvements increase the cost. A window typically takes three to four months to accomplish, so don’t wait. Contact us now for a complimentary analysis of the financial savings that can be realized through this and other derisking strategies.