Sec. 503. MORTALITY TABLES
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## SEC. 503 MORTALITY TABLES ###
(a)Credibility **[**[26 U.S.C. 430 note](/us/usc/t26/s430)**]** For purposes of subclause
(I)of section 430(h)(3)(C)(iii) of the Internal Revenue Code of 1986 and subclause
(I)of section 303(h)(3)(C)(iii) of the Employee Retirement Income Security Act of 1974, the determination of whether plans have credible information shall be made in accordance with established actuarial credibility theory, which— ####
(1)is materially different from rules under such section of such Code, including Revenue Procedure 2007-37, that are in effect on the date of the enactment of this Act; and ####
(2)permits the use of tables that reflect adjustments to the tables described in subparagraphs
(A)and
(B)of section 430(h)(3) of such Code, and subparagraphs
(A)and
(B)of section 303(h)(3) of such Act, if such adjustments are based on the experience described in subclause
(II)of section 430(h)(3)(C)(iii) of such Code and in subclause
(II)of section 303(h)(3)(C)(iii) of such Act. ###
(b)Effective Date This section shall apply to plan years beginning after December 31, 2015.
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