IRS Issues Guidance On Segment Rates for DB Plans Pursuant to MAP-21 | Practical Law
The Internal Revenue Service (IRS) issued Notice 2012-55, which provides guidance on the average segment rates used to determine minimum funding requirements for single-employer defined benefit plans under Section 430 of the Internal Revenue Code (IRC) and Section 303 of the Employee Retirement Income Security Act of 1974 (ERISA). The notice reflects changes made by the Moving Ahead for Progress in the 21st Century Act (MAP-21), which was enacted on July 6, 2012.