Federal Register #REG-107855-25

Regulatory Update: Minimum Funding Requirements for Single-Employer Defined Benefit Pension Plans

This opportunity involves a regulatory update from the Internal Revenue Service (IRS) and the Treasury Department regarding single-employer defined benefit pension plans. - Government Buyer: - Internal Revenue Service (IRS), Department of the Treasury - No OEMs or vendors are involved, as this is a regulatory notice rather than a procurement request. - Products/Services Requested: - No products or services are being procured; the notice pertains to proposed regulations. - Notable Requirements: - Updates to minimum funding requirements for single-employer defined benefit pension plans - Incorporation of statutory amendments not previously reflected in regulations - Clarifications on actuarial assumptions, plan-related and investment-related expenses - Procedures for plan amendments affecting participants, beneficiaries, employers, and administrators - No contract value, period of performance, or line items are applicable, as this is not a procurement opportunity.

Description

This document contains proposed regulations that would modify rules in the existing regulations relating to the minimum funding requirement applicable to single-employer defined benefit pension plans. The modifications include changes to the rules relating to the determination of a plan's target normal cost and funding target and would implement certain statutory amendments that have not yet been reflected in the regulations. These proposed regulations would affect participants in, beneficiaries of, employers maintaining, and administrators of single-employer defined benefit plans.

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