What is the definition of the applicable mortality table used for making adjustments to 415 dollar limit on a mandated basis?
That is a good question – the definition is no longer simple, since there really is not just one mortality table: 1. Per overhead page 415-12, this uses the 417(e) applicable mortality table. 2. Per overhead page 417-5, the applicable mortality table is based on the IRC 430 funding mortality 3. Per overhead pages 430(h)-3, the funding mortality can use either static mortality or generational mortality. 4. The generational tables were published in the 2007 regulations, and the static tables were published in IRS Notice 2008-85.
