Present Value of the Maximum PBGC Guaranteed Benefit under IRC Section 436(d)(3)(A)(ii) and ERISA Section 206(g)(3)(C)(i)(II)
This Technical Update provides guidance on determining the present value of the maximum benefit guaranteed by the Pension Benefit Guaranty Corporation (PBGC) for purposes of section 436(d)(3)(A)(ii) of the Internal Revenue Code (IRC) and section 206(g)(3)(C)(i)(II) of ERISA.
I. Background