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22 June 2023

IRS issues proposed regulations on constructing corporate bond yield curve used by defined benefit plans, insurance companies

The IRS has issued proposed regulations (REG-124123-22) specifying the method for constructing the corporate bond yield curve used to (1) establish interest rates for calculating present value and making other calculations under defined benefit plans and (2) discount unpaid losses and estimated salvage recoverable for insurance companies. Comments may be submitted by August 22, 2023. A public hearing is scheduled for August 30.

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2023-1114

 

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