29 C.F.R. Appendix B to Part 4022—Lump Sum Interest Rates for PBGC Payments


Title 29 - Labor


Title 29: Labor
PART 4022—BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS
Subpart G—Certain-and-Continuous and Similar Annuity Payments Owed for Future Periods After Death

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Appendix B to Part 4022—Lump Sum Interest Rates for PBGC Payments

Link to an amendment published at 71 FR 47091, Aug. 16, 2006.

  

[In using this table: (1) For benefits for which the participant or beneficiary is entitled to be in pay status on the valuation date, the immediate annuity rate shall apply; (2) For benefits for which the deferral period is y years (where y is an integer and 0 < y ≤ n1), interest rate i1 shall apply from the valuation date for a period of y years; thereafter the immediate annuity rate shall apply; (3) For benefits for which the deferral period is y years (where y is an integer and n1 < y ≤ n1 + n2); interest rate i2 shall apply from the valuation date for a period of y−n1 years, interest rate i1 shall apply for the following n1 years; thereafter the immediate annuity rate shall apply; (4) For benefits for which the deferral period is y years (where y is an integer and y > n1 + n2), interest rate i3 shall apply from the valuation date for a period of y−n1−n2 years; interest rate i2 shall apply for the following n2 years; interest rate i1 shall apply for the following n1 years; thereafter the immediate annuity rate shall apply.]

 ----------------------------------------------------------------------------------------------------------------                                         For plans with a                      Deferred annuities (percent)                                          valuation date      Immediate  ---------------------------------------               Rate set               ----------------------   annuity                                         On or                   rate       i1      i2      i3      n1      n2                                         after      Before    (percent)----------------------------------------------------------------------------------------------------------------1....................................    11-1-93    12-1-93         4.25    4.00    4.00    4.00       7       82....................................    12-1-93     1-1-94         4.25    4.00    4.00    4.00       7       83....................................     1-1-94     2-1-94         4.50    4.00    4.00    4.00       7       84....................................     2-1-94     3-1-94         4.50    4.00    4.00    4.00       7       85....................................     3-1-94     4-1-94         4.50    4.00    4.00    4.00       7       86....................................     4-1-94     5-1-94         4.75    4.00    4.00    4.00       7       87....................................     5-1-94     6-1-94         5.25    4.50    4.00    4.00       7       88....................................     6-1-94     7-1-94         5.25    4.50    4.00    4.00       7       89....................................     7-1-94     8-1-94         5.50    4.75    4.00    4.00       7       810...................................     8-1-94     9-1-94         5.75    5.00    4.00    4.00       7       811...................................     9-1-94    10-1-94         5.50    4.75    4.00    4.00       7       812...................................    10-1-94    11-1-94         5.50    4.75    4.00    4.00       7       813...................................    11-1-94    12-1-94         6.00    5.25    4.00    4.00       7       814...................................    12-1-94     1-1-95         6.25    5.50    4.25    4.00       7       815...................................     1-1-95     2-1-95         6.00    5.25    4.00    4.00       7       816...................................     2-1-95     3-1-95         6.00    5.25    4.00    4.00       7       817...................................     3-1-95     4-1-95         6.00    5.25    4.00    4.00       7       818...................................     4-1-95     5-1-95         5.75    5.00    4.00    4.00       7       819...................................     5-1-95     6-1-95         5.50    4.75    4.00    4.00       7       820...................................     6-1-95     7-1-95         5.50    4.75    4.00    4.00       7       821...................................     7-1-95     8-1-95         4.75    4.00    4.00    4.00       7       822...................................     8-1-95     9-1-95         4.75    4.00    4.00    4.00       7       823...................................     9-1-95    10-1-95         5.00    4.25    4.00    4.00       7       824...................................    10-1-95    11-1-95         4.75    4.00    4.00    4.00       7       825...................................    11-1-95    12-1-95         4.75    4.00    4.00    4.00       7       826...................................    12-1-95     1-1-96         4.50    4.00    4.00    4.00       7       827...................................     1-1-96     2-1-96         4.50    4.00    4.00    4.00       7       828...................................     2-1-96     3-1-96         4.25    4.00    4.00    4.00       7       829...................................     3-1-96     4-1-96         4.25    4.00    4.00    4.00       7       830...................................     4-1-96     5-1-96         4.75    4.00    4.00    4.00       7       831...................................     5-1-96     6-1-96         5.00    4.25    4.00    4.00       7       832...................................     6-1-96     7-1-96         5.00    4.25    4.00    4.00       7       833...................................     7-1-96     8-1-96         5.00    4.25    4.00    4.00       7       834...................................     8-1-96     9-1-96         5.25    4.50    4.00    4.00       7       835...................................     9-1-96    10-1-96         5.25    4.50    4.00    4.00       7       836...................................    10-1-96    11-1-96         5.25    4.50    4.00    4.00       7       837...................................    11-1-96    12-1-96         5.00    4.25    4.00    4.00       7       838...................................    12-1-96     1-1-97         4.75    4.00    4.00    4.00       7       839...................................     1-1-97     2-1-97         4.50    4.00    4.00    4.00       7       840...................................     2-1-97     3-1-97         4.75    4.00    4.00    4.00       7       841...................................     3-1-97     4-1-97         5.00    4.25    4.00    4.00       7       842...................................     4-1-97     5-1-97         4.75    4.00    4.00    4.00       7       843...................................     5-1-97     6-1-97         5.00    4.25    4.00    4.00       7       844...................................     6-1-97     7-1-97         5.25    4.50    4.00    4.00       7       845...................................     7-1-97     8-1-97         5.25    4.50    4.00    4.00       7       846...................................     8-1-97     9-1-97         4.75    4.00    4.00    4.00       7       847...................................     9-1-97    10-1-97         4.50    4.00    4.00    4.00       7       848...................................    10-1-97    11-1-97         4.75    4.00    4.00    4.00       7       849...................................    11-1-97    12-1-97         4.50    4.00    4.00    4.00       7       850...................................    12-1-97     1-1-98         4.50    4.00    4.00    4.00       7       851...................................     1-1-98     2-1-98         4.25    4.00    4.00    4.00       7       852...................................     2-1-98     3-1-98         4.25    4.00    4.00    4.00       7       853...................................     3-1-98     4-1-98         4.25    4.00    4.00    4.00       7       854...................................     4-1-98     5-1-98         4.25    4.00    4.00    4.00       7       855...................................     5-1-98     6-1-98         4.25    4.00    4.00    4.00       7       856...................................     6-1-98     7-1-98         4.25    4.00    4.00    4.00       7       857...................................     7-1-98     8-1-98         4.00    4.00    4.00    4.00       7       858...................................     8-1-98     9-1-98         4.00    4.00    4.00    4.00       7       859...................................     9-1-98    10-1-98         4.00    4.00    4.00    4.00       7       860...................................    10-1-98    11-1-98         4.00    4.00    4.00    4.00       7       861...................................    11-1-98    12-1-98         3.75    4.00    4.00    4.00       7       862...................................    12-1-98     1-1-99         4.00    4.00    4.00    4.00       7       863...................................     1-1-99     2-1-99         4.00    4.00    4.00    4.00       7       864...................................     2-1-99     3-1-99         4.00    4.00    4.00    4.00       7       865...................................     3-1-99     4-1-99         4.00    4.00    4.00    4.00       7       866...................................     4-1-99     5-1-99         4.25    4.00    4.00    4.00       7       867...................................     5-1-99     6-1-99         4.25    4.00    4.00    4.00       7       868...................................     6-1-99     7-1-99         4.25    4.00    4.00    4.00       7       869...................................     7-1-99     8-1-99         4.50    4.00    4.00    4.00       7       870...................................     8-1-99     9-1-99         5.00    4.25    4.00    4.00       7       871...................................     9-1-99    10-1-99         5.00    4.25    4.00    4.00       7       872...................................    10-1-99    11-1-99         5.00    4.25    4.00    4.00       7       873...................................    11-1-99    12-1-99         5.00    4.25    4.00    4.00       7       874...................................    12-1-99     1-1-00         5.25    4.50    4.00    4.00       7       875...................................     1-1-00     2-1-00         5.00    4.25    4.00    4.00       7       876...................................     2-1-00     3-1-00         5.25    4.50    4.00    4.00       7       877...................................     3-1-00     4-1-00         5.25    4.50    4.00    4.00       7       878...................................     4-1-00     5-1-00         5.25    4.50    4.00    4.00       7       879...................................     5-1-00     6-1-00         5.25    4.50    4.00    4.00       7       880...................................     6-1-00     7-1-00         5.25    4.50    4.00    4.00       7       881...................................     7-1-00     8-1-00         5.50    4.75    4.00    4.00       7       882...................................     8-1-00     9-1-00         5.25    4.50    4.00    4.00       7       883...................................     9-1-00    10-1-00         5.25    4.50    4.00    4.00       7       884...................................    10-1-00    11-1-00         5.00    4.25    4.00    4.00       7       885...................................    11-1-00    12-1-00         5.25    4.50    4.00    4.00       7       886...................................    12-1-00     1-1-01         5.25    4.50    4.00    4.00       7       887...................................     1-1-01     2-1-01         5.00    4.25    4.00    4.00       7       888...................................     2-1-01     3-1-01         4.75    4.00    4.00    4.00       7       889...................................     3-1-01     4-1-01         4.75    4.00    4.00    4.00       7       890...................................     4-1-01     5-1-01         4.75    4.00    4.00    4.00       7       891...................................     5-1-01     6-1-01         4.75    4.00    4.00    4.00       7       892...................................     6-1-01     7-1-01         5.00    4.25    4.00    4.00       7       893...................................     7-1-01     8-1-01         5.00    4.25    4.00    4.00       7       894...................................     8-1-01     9-1-01         4.75    4.00    4.00    4.00       7       895...................................     9-1-01    10-1-01         4.50    4.00    4.00    4.00       7       896...................................    10-1-01    11-1-01         4.50    4.00    4.00    4.00       7       897...................................    11-1-01    12-1-01         4.75    4.00    4.00    4.00       7       898...................................    12-1-01     1-1-02         4.50    4.00    4.00    4.00       7       899...................................     1-1-02     2-1-02         4.50    4.00    4.00    4.00       7       8100..................................     2-1-02     3-1-02         4.75    4.00    4.00    4.00       7       8101..................................     3-1-02     4-1-02         4.50    4.00    4.00    4.00       7       8102..................................     4-1-02     5-1-02         4.25    4.00    4.00    4.00       7       8103..................................     5-1-02     6-1-02         4.75    4.00    4.00    4.00       7       8104..................................     6-1-02     7-1-02         4.50    4.00    4.00    4.00       7       8105..................................     7-1-02     8-1-02         4.50    4.00    4.00    4.00       7       8106..................................     8-1-02     9-1-02         4.25    4.00    4.00    4.00       7       8107..................................     9-1-02    10-1-02         4.25    4.00    4.00    4.00       7       8108..................................    10-1-02    11-1-02         4.00    4.00    4.00    4.00       7       8109..................................    11-1-02    12-1-02         3.75    4.00    4.00    4.00       7       8110..................................    12-1-02     1-1-03         4.00    4.00    4.00    4.00       7       8111..................................     1-1-03     2-1-03         4.00    4.00    4.00    4.00       7       8112..................................     2-1-03     3-1-03         3.75    4.00    4.00    4.00       7       8113..................................     3-1-03     4-1-03         3.75    4.00    4.00    4.00       7       8114..................................     4-1-03     5-1-03         3.50    4.00    4.00    4.00       7       8115..................................     5-1-03     6-1-03         3.50    4.00    4.00    4.00       7       8116..................................     6-1-03     7-1-03         3.50    4.00    4.00    4.00       7       8117..................................     7-1-03     8-1-03         3.00    4.00    4.00    4.00       7       8118..................................     8-1-03     9-1-03         3.00    4.00    4.00    4.00       7       8119..................................     9-1-03    10-1-03         3.50    4.00    4.00    4.00       7       8120..................................    10-1-03    11-1-03         3.50    4.00    4.00    4.00       7       8121..................................    11-1-03    12-1-03         3.25    4.00    4.00    4.00       7       8122..................................    12-1-03     1-1-04         3.25    4.00    4.00    4.00       7       8123..................................     1-1-04     2-1-04         3.25    4.00    4.00    4.00       7       8124                                       2-1-04     3-1-04         3.25    4.00    4.00    4.00       7       8125..................................     3-1-04     4-1-04         3.00    4.00    4.00    4.00       7       8126..................................     4-1-04     5-1-04         3.00    4.00    4.00    4.00       7       8127..................................     5-1-04     6-1-04         3.00    4.00    4.00    4.00       7       8128..................................     6-1-04     7-1-04         3.50    4.00    4.00    4.00       7       8129..................................     7-1-04     8-1-04         3.50    4.00    4.00    4.00       7       8130..................................     8-1-04     9-1-04         3.50    4.00    4.00    4.00       7       8131..................................     9-1-04    10-1-04         3.25    4.00    4.00    4.00       7       8132..................................    10-1-04    11-1-04         3.00    4.00    4.00    4.00       7       8133..................................    11-1-04    12-1-04         2.75    4.00    4.00    4.00       7       8134..................................    12-1-04     1-1-05         2.75    4.00    4.00    4.00       7       8135..................................     1-1-05     2-1-05         3.00    4.00    4.00    4.00       7       8136..................................     2-1-05     3-1-05         3.00    4.00    4.00    4.00       7       8137..................................     3-1-05     4-1-05         2.75    4.00    4.00    4.00       7       8138..................................     4-1-05     5-1-05         2.75    4.00    4.00    4.00       7       8139..................................     5-1-05     6-1-05         2.75    4.00    4.00    4.00       7       8140..................................     6-1-05     7-1-05         2.50    4.00    4.00    4.00       7       8141..................................     7-1-05     8-1-05         2.50    4.00    4.00    4.00       7       8142..................................     8-1-05     9-1-05         2.25    4.00    4.00    4.00       7       8143..................................     9-1-05    10-1-05         2.50    4.00    4.00    4.00       7       8144..................................    10-1-05    11-1-05         2.25    4.00    4.00    4.00       7       8145..................................    11-1-05    12-1-05         2.50    4.00    4.00    4.00       7       8146..................................    12-1-05     1-1-06         2.75    4.00    4.00    4.00       7       8147..................................     1-1-06     2-1-06         2.75    4.00    4.00    4.00       7       8148..................................     2-1-06     3-1-06         2.75    4.00    4.00    4.00       7       8149..................................     3-1-06     4-1-06         2.75    4.00    4.00    4.00       7       8150..................................     4-1-06     5-1-06         2.75    4.00    4.00    4.00       7       8151..................................     5-1-06     6-1-06         3.00    4.00    4.00    4.00       7       8152..................................     6-1-06     7-1-06         3.25    4.00    4.00    4.00       7       8153..................................     7-1-06     8-1-06         3.50    4.00    4.00    4.00       7       8154..................................     8-1-06     9-1-06         3.50    4.00    4.00    4.00       7       8----------------------------------------------------------------------------------------------------------------

[61 FR 34059, July 1, 1996]

Editorial Note:  For Federal Register citations affecting part 4022, appendix B, see the List of CFR Sections Affected, which appears in the Finding Aids section of the printed volume and on GPO Access.

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