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PSCA Executive Reports

September 18, 2019

OMB Reviewing Updated RMD Rules

Treasury sent the updated tables to the Office of Management and Budget (OMB) in response to President Trump’s August 31, 2018 executive order that directed Treasury to review the rules on Required Minimum Distributions (RMD). Generally speaking, any update would likely reflect greater life expectancies (based on the latest available empirical data), which, when applied, would result in greater benefit security for participants, as less would be required to be distributed each year than under the existing regulations, issued in 2002.

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