A new law was passed on March 11, 2021 that includes provisions that will affect defined benefit plan documents and ASC DB Val users. The ASC DB Support actuaries are working with our programmers to ensure our DB Val users will have the programming features and flexibility they need to reflect the provisions affecting single employer defined benefit plans. A 'News from the Actuaries' article will be available soon. Stay tuned for updates about plan document operational requirements.
If you have questions about how the law change will affect the ASC DB valuation system or your ASC defined benefit plan documents, please contact us.
ASC NEWS & EVENTS webpage