Title 29: Labor
PART 4022—BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS
Browse Previous
Subpart G—Certain-and-Continuous and Similar Annuity Payments Owed for Future Periods After Death
Source: 67 FR 16958, Apr. 8, 2002, unless otherwise noted.
§ 4022.101 When do these rules apply?
(a) In general. These rules (§§4022.101 through 4022.104) apply only if you die—
(1) Required payments for future periods. Without having received all required payments for future periods under a form of annuity promising that, regardless of a participant's death, there will be annuity payments for a certain period of time (e.g., a certain-and-continuous annuity) or until a certain amount is paid (e.g., a cash-refund annuity or installment-refund annuity);
(2) No surviving beneficiary. Without a surviving beneficiary designated to receive the payments described in paragraph (a)(1) of this section; and
(3) Time of death. (i) On or after the date we take over your plan (as trustee); or
(ii) Before the date we take over your plan, to the extent that, by that date, the plan administrator has not paid any required payments for future periods.
(b) Effect of plan or will. These rules apply even if there is a contrary provision in a plan or will.
(c) Payments owed at time of death. See §§4022.91 through 4022.95 for rules that apply to benefits we may owe you at the time of your death, such as a correction for monthly underpayments.
§ 4022.102 What definitions do I need to know for these rules?
You need to know three definitions from §4001.2 of this chapter (PBGC, person, and plan) and the following definitions:
“We” means the PBGC.
“You” means the person who might die—
(1) Without having received all required payments for future periods under a form of annuity promising that, regardless of a participant's death, there will be annuity payments for a certain period of time (e.g., a certain-and-continuous annuity) or until a certain amount is paid (e.g., a cash-refund annuity or installment-refund annuity); and
(2) Without a surviving beneficiary designated to receive the payments described in paragraph (1) of this definition.
§ 4022.103 Who will get benefits if I die when payments for future periods under a certain-and-continuous or similar annuity are owed upon my death?
If you die at a time when payments are owed for future periods under a form of annuity promising that, regardless of a participant's death, there will be annuity payments for a certain period of time (e.g., a certain-and-continuous annuity) or until a certain amount is paid (e.g., a cash-refund annuity or installment-refund annuity), and there is no surviving beneficiary designated to receive such payments, we will pay the remaining payments to the person determined under the rules in §4022.93.
§ 4022.104 Examples.
The following examples show how the rules in §§4022.101 through 4022.103 and 4022.91 through 4022.94 apply in the case of a certain-and-continuous annuity.
(a) C&C annuity with no underpayment. At the time of his death, Charlie was receiving payments (in the correct amount) under a 5-year certain-and-continuous annuity. Charlie designated Ellen to receive any payments we might owe for periods after his death (but did not designate an alternate beneficiary to receive those payments in case Ellen died before him). Charlie died with three years of payments remaining.
(1) Example 1: where surviving beneficiary predeceases participant. Ellen died before Charlie. As explained in §§4022.103 and 4022.93, we would pay the remaining three years of payments to the person(s) surviving Charlie in the following order: spouse, children, parents, estate and next of kin.
(2) Example 2: where surviving beneficiary dies during certain period. Ellen survived Charlie and lived another year. We pay Ellen one year of payments. As explained in §§4022.103 and 4022.93, we would pay the remaining two years of payments to the person Ellen designated to receive any payments we might owe for periods after Ellen's death. If Ellen did not designate anyone to receive those payments or her designee died before her, we would pay the remaining year of payments to the person(s) surviving Ellen in the following order: spouse, children, parents, estate, next of kin.
(b) C&C annuity with underpayment. At the time of his death, Charlie was receiving payments under a 5-year certain-and-continuous annuity. Charlie designated Ellen to receive any payments we might owe for periods after his death. We underpaid Charlie for periods before his death. At the time of his death, we owed Charlie a back payment to reimburse him for those underpayments.
(1) Example 3: where participant dies during certain period. Charlie died with three years of payments remaining. Ellen survived Charlie and lived at least another three years. We pay Ellen the remaining three years of payments. As explained in §4022.91(b), because Ellen is entitled to survivor benefits under the certain-and-continuous annuity, we would pay Ellen the back payment for the underpayments to Charlie (and for any underpayments to Ellen).
(2) Example 4: where participant and surviving beneficiary die during certain period. Charlie died with three years of payments remaining. Ellen survived Charlie and lived another year. We paid Ellen one year of payments. Ellen designated Jean to receive any payments we might owe for periods after Ellen's death. Jean survived Ellen and lives at least another two years. We pay Jean the remaining two years of payments. As explained in §4022.91(b), because Jean is entitled to survivor benefits under the certain-and-continuous annuity, we would pay Jean the back payment for the underpayments to Charlie (and for any underpayments to Ellen).
(3) Example 5: where participant dies after certain period. Charlie died after receiving seven years of payments. As explained in §§4022.91(b) and 4022.93, because benefits do not continue after Charlie's death under the certain-and-continuous annuity, we would pay the back payment to the person(s) Charlie designated to receive any payments we might owe him at the time of his death in case he died after the end of certain period. If Charlie did not designate anyone to receive those payments or his designee died before him, we would pay the back payment to the person(s) surviving Charlie in the following order: spouse, children, parents, estate and next of kin.
Appendix A to Part 4022—Lump Sum Mortality Rates
------------------------------------------------------------------------ Age x qx------------------------------------------------------------------------12........................................................... 0.00000013........................................................... 0.00000014........................................................... 0.00000015........................................................... 0.00000016........................................................... 0.00143717........................................................... 0.00141418........................................................... 0.00138519........................................................... 0.00135120........................................................... 0.00131121........................................................... 0.00126722........................................................... 0.00121923........................................................... 0.00116724........................................................... 0.00114925........................................................... 0.00112926........................................................... 0.00110727........................................................... 0.00108328........................................................... 0.00105829........................................................... 0.00108330........................................................... 0.00111131........................................................... 0.00114132........................................................... 0.00117333........................................................... 0.00120834........................................................... 0.00129735........................................................... 0.00139836........................................................... 0.00151337........................................................... 0.00164338........................................................... 0.00179239........................................................... 0.00194840........................................................... 0.00212541........................................................... 0.00232742........................................................... 0.00255643........................................................... 0.00281844........................................................... 0.00309545........................................................... 0.00341046........................................................... 0.00376947........................................................... 0.00418048........................................................... 0.00463549........................................................... 0.00510350........................................................... 0.00561651........................................................... 0.00619652........................................................... 0.00685353........................................................... 0.00754354........................................................... 0.00827855........................................................... 0.00903356........................................................... 0.00987557........................................................... 0.01081458........................................................... 0.01186359........................................................... 0.01295260........................................................... 0.01416261........................................................... 0.01550962........................................................... 0.01701063........................................................... 0.01868564........................................................... 0.02051765........................................................... 0.02256266........................................................... 0.02484767........................................................... 0.02723268........................................................... 0.02963469........................................................... 0.03207370........................................................... 0.03474371........................................................... 0.03766772........................................................... 0.04087173........................................................... 0.04450474........................................................... 0.04850475........................................................... 0.05291376........................................................... 0.05777577........................................................... 0.06314278........................................................... 0.06862879........................................................... 0.07464880........................................................... 0.08125681........................................................... 0.08851882........................................................... 0.09621883........................................................... 0.10431084........................................................... 0.11281685........................................................... 0.12207986........................................................... 0.13217487........................................................... 0.14317988........................................................... 0.15514789........................................................... 0.16820890........................................................... 0.18246191........................................................... 0.19803092........................................................... 0.21503593........................................................... 0.23298394........................................................... 0.25254595........................................................... 0.27387896........................................................... 0.29715297........................................................... 0.32255398........................................................... 0.34950599........................................................... 0.378865100.......................................................... 0.410875101.......................................................... 0.445768102.......................................................... 0.483830103.......................................................... 0.524301104.......................................................... 0.568365105.......................................................... 0.616382106.......................................................... 0.668696107.......................................................... 0.725745108.......................................................... 0.786495109.......................................................... 0.852659110.......................................................... 0.924666111.......................................................... 1.000000------------------------------------------------------------------------
|
[61 FR 34059, July 1, 1996; 61 FR 36626, July 12, 1996. Redesignated at 65 FR 14753, Mar. 17, 2000] 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.
Appendix C to Part 4022—Lump Sum Interest Rates for Private-Sector 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, and 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, and 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, and thereafter the immediate annuity rate shall apply.]
|
-------------------------------------------------------------------------------------------------------------------------------------------------------- For plans with a valuation Immediate Deferred annuities (percent) date annuity ----------------------------------------------------------- Rate set ---------------------------- rate On or after Before (percent) i1 i2 i3 n1 n2--------------------------------------------------------------------------------------------------------------------------------------------------------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 8 128................................................ 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--------------------------------------------------------------------------------------------------------------------------------------------------------
|
[65 FR 14755, Mar. 17, 2000]
Editorial Note: For Federal Register citations affecting part 4022, appendix C, see the List of CFR Sections Affected, which appears in the Finding Aids section of the printed volume and on GPO Access.
Appendix D to Part 4022—Maximum Guaranteeable Monthly Benefit
The following table lists by year the maximum guaranteeable monthly benefit payable in the form of a life annuity commencing at age 65 as described by §4022.22(b) to a participant in a plan that terminated in that year:
|
------------------------------------------------------------------------ Maximum guaranteeable Year monthly benefit------------------------------------------------------------------------1974.................................................... $750.001975.................................................... 801.141976.................................................... 869.321977.................................................... 937.501978.................................................... 1,005.681979.................................................... 1,073.861980.................................................... 1,159.091981.................................................... 1,261.361982.................................................... 1,380.681983.................................................... 1,517.051984.................................................... 1,602.271985.................................................... 1,687.501986.................................................... 1,789.771987.................................................... 1,857.951988.................................................... 1,909.091989.................................................... 2,028.411990.................................................... 2,164.771991.................................................... 2,250.001992.................................................... 2,352.271993.................................................... 2,437.501994.................................................... 2,556.821995.................................................... 2,573.861996.................................................... 2,642.051997.................................................... 2,761.361998.................................................... 2,880.681999.................................................... 3,051.142000.................................................... 3,221.592001.................................................... 3,392.052002.................................................... 3,579.552003.................................................... 3,664.772004.................................................... 3,698.862005.................................................... 3,801.142006.................................................... 3,971.59------------------------------------------------------------------------
|
[61 FR 34028, July 1, 1996, as amended at 61 FR 65474, Dec. 13, 1996; 62 FR 65608, Dec. 15, 1997; 63 FR 63179, Nov. 12, 1998; 64 FR 67164, Dec. 1, 1999. Redesignated at 65 FR 14753 and 14755, Mar. 17, 2000; 65 FR 75165, Dec. 1, 2000; 66 FR 59694, Nov. 30, 2001; 67 FR 71472, Dec. 2, 2002; 68 FR 67033, Dec. 1, 2003; 69 FR 69821, Dec. 1, 2004; 70 FR 72075, Dec. 1, 2005]
Browse Previous
|
