Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 29 - Labor |
Subtitle B—Regulations Relating to Labor |
Chapter XL—Pension Benefit Guaranty Corporation |
SubChapter E—Plan Terminations |
Part 4044 - Allocation of Assets in Single-Employer Plans |
Appendix B to Part 4044 - —Interest Rates Used To Value Benefits
Latest version.
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Appendix B to Part 4044 - Interest Rates Used To Value Benefits
[This table sets forth, for each indicated calendar month, the interest rates (denoted by i1, i2, . . ., and referred to generally as it) assumed to be in effect between specified anniversaries of a valuation date that occurs within that calendar month; those anniversaries are specified in the columns adjacent to the rates. The last listed rate is assumed to be in effect after the last listed anniversary date.]
For valuation dates occurring in the month - The values of it are: it for t= it for t= it for t= November 1993 .0560 1-25 .0525 > N/A N/A December 1993 .0560 1-25 .0525 >25 N/A N/A January 1994 .0590 1-25 .0525 >25 N/A N/A February 1994 .0590 1-25 .0525 >25 N/A N/A March 1994 .0580 1-25 .0525 >25 N/A N/A April 1994 .0620 1-25 .0525 >25 N/A N/A May 1994 .0650 1-25 .0525 >25 N/A N/A June 1994 .0670 1-25 .0525 >25 N/A N/A July 1994 .0690 1-25 .0525 >25 N/A N/A August 1994 .0700 1-25 .0525 >25 N/A N/A September 1994 .0690 1-25 .0525 >25 N/A N/A October 1994 .0700 1-25 .0525 >25 N/A N/A November 1994 .0730 1-25 .0525 >25 N/A N/A December 1994 .0750 1-25 .0525 >25 N/A N/A January 1995 .0750 1-20 .0575 >20 N/A N/A February 1995 .0730 1-20 .0575 >20 N/A N/A March 1995 .0730 1-20 .0575 >20 N/A N/A April 1995 .0710 1-20 .0575 >20 N/A N/A May 1995 .0690 1-20 .0575 >20 N/A N/A June 1995 .0680 1-20 .0575 >20 N/A N/A July 1995 .0630 1-20 .0575 >20 N/A N/A August 1995 .0620 1-20 .0575 >20 N/A N/A September 1995 .0640 1-20 .0575 >20 N/A N/A October 1995 .0630 1-20 .0575 >20 N/A N/A November 1995 .0620 1-20 .0575 >20 N/A N/A December 1995 .0600 1-20 .0575 >20 N/A N/A January 1996 .0560 1-20 .0475 >20 N/A N/A February 1996 .0540 1-20 .0475 >20 N/A N/A March 1996 .0550 1-20 .0475 >20 N/A N/A April 1996 .0580 1-20 .0475 >20 N/A N/A May 1996 .0600 1-20 .0475 >20 N/A N/A June 1996 .0620 1-20 .0475 >20 N/A N/A July 2006 .0630 1-20 .0475 >20 N/A N/A August 1996 .0630 1-20 .0475 >20 N/A N/A September 1996 .0630 1-20 .0475 >20 N/A N/A October 1996 .0630 1-20 .0475 >20 N/A N/A November 1996 .0620 1-20 .0475 >20 N/A N/A December 1996 .0600 1-20 .0475 >20 N/A N/A January 1997 .0580 1-25 .0500 >25 N/A N/A February 1997 .0590 1-25 .0500 >25 N/A N/A March 1997 .0620 1-25 .0500 >25 N/A N/A April 1997 .0610 1-25 .0500 >25 N/A N/A May 1997 .0630 1-25 .0500 >25 N/A N/A June 1997 .0640 1-25 .0500 >25 N/A N/A July 1997 .0630 1-25 .0500 >25 N/A N/A August 1997 .0610 1-25 .0500 >25 N/A N/A September 1997 .0570 1-25 .0500 >25 N/A N/A October 1997 .0590 1-25 .0500 >25 N/A N/A November 1997 .0570 1-25 .0500 >25 N/A N/A December 1997 .0560 1-25 .0500 >25 N/A N/A January 1998 .0560 1-25 .0525 >25 N/A N/A February 1998 .0550 1-25 .0525 >25 N/A N/A March 1998 .0550 1-25 .0525 >25 N/A N/A April 1998 .0550 1-25 .0525 >25 N/A N/A May 1998 .0560 1-25 .0525 >25 N/A N/A June 1998 .0560 1-25 .0525 >25 N/A N/A July 1998 .0550 1-25 .0525 >25 N/A N/A August 1998 .0540 1-25 .0525 >25 N/A N/A September 1998 .0540 1-25 .0525 >25 N/A N/A October 1998 .0540 1-25 .0525 >25 N/A N/A November 1998 .0530 1-25 .0525 >25 N/A N/A December 1998 .0540 1-25 .0525 >25 N/A N/A January 1999 .0530 1-20 .0525 >20 N/A N/A February 1999 .0540 1-20 .0525 >20 N/A N/A March 1999 .0530 1-20 .0525 >20 N/A N/A April 1999 .0560 1-20 .0525 >20 N/A N/A May 1999 .0570 1-20 .0525 >20 N/A N/A June 1999 .0570 1-20 .0525 >20 N/A N/A July 1999 .0600 1-20 .0525 >20 N/A N/A August 1999 .0630 1-20 .0525 >20 N/A N/A September 1999 .0630 1-20 .0525 >20 N/A N/A October 1999 .0630 1-20 .0525 >20 N/A N/A November 1999 .0630 1-20 .0525 >20 N/A N/A December 1999 .0650 1-20 .0525 >20 N/A N/A January 2000 .0690 1-25 .0625 >25 N/A N/A February 2000 .0710 1-25 .0625 >25 N/A N/A March 2000 .0710 1-25 .0625 >25 N/A N/A. April 2000 .0710 1-25 .0625 >25 N/A N/A May 2000 .0700 1-25 .0625 >25 N/A N/A June 2000 .0710 1-25 .0625 >25 N/A N/A July 2000 .0740 1-25 0625 >25 N/A N/A August 2000 .0710 1-25 .0625 >25 N/A N/A September 2000 .070 1-25 .0625 25 N/A N/A October 2000 .0700 1-25 .0625 >25 N/A N/A November 2000 .0710 1-25 .0625 >25 N/A N/A December 2000 .0700 1-25 .0625 >25 N/A N/A January 2001 .0670 1-20 .0625 >20 N/A N/A February 2001 .0650 1-20 .0625 >20 N/A N/A March 2001 .0640 1-20 .0625 >20 N/A N/A April 2001 .0640 1-20 .0625 >20 N/A N/A May 2001 .0640 1-20 .0625 >20 N/A N/A June 2001 .0660 1-20 .0625 >20 N/A N/A July 2001 .0660 1-20 .0625 >20 N/A N/A August 2001 .0640 1-20 .0625 >20 N/A N/A September 2001 .0630 1-20 .0625 >20 N/A N/A October 2001 .0610 1-20 .0625 >20 N/A N/A November 2001 .0650 1-20 .0625 >20 N/A N/A December 2001 .0610 1-20 .0625 >20 N/A N/A January 2002 .0580 1-25 .0425 >25 N/A N/A February 2002 .0580 1-25 .0425 >25 N/A N/A March 2002 .0560 1-25 .0425 >25 N/A N/A April 2002 .0550 1-25 .0425 >25 N/A N/A May 2002 .0590 1-25 .0425 >25 N/A N/A June 2002 .0570 1-25 .0425 >25 N/A N/A July 2002 .0570 1-25 .0425 >25 N/A N/A August 2002 .0550 1-25 .0425 >25 N/A N/A September 2002 .0540 1-25 .0425 25 N/A N/A October 2002 .0530 1-25 .0425 >25 N/A N/A November 2002 .0500 1-25 .0425 >25 N/A N/A December 2002 .0530 1-25 .0425 >25 N/A N/A January 2003 .0530 1-20 .0525 >20 N/A N/A February 2003 .0510 1-20 .0525 >20 N/A N/A March 2003 .0510 1-20 .0525 >20 N/A N/A April 2003 .0490 1-20 .0525 >20 N/A N/A May 2003 .0490 1-20 .0525 >20 N/A N/A June 2003 .0470 1-20 .0525 >20 N/A N/A July 2003 .0430 1-20 .0525 >20 N/A N/A August 2003 .0440 1-20 .0525 >20 N/A N/A September 2003 .0490 1-20 .0525 >20 N/A N/A October 2003 .0490 1-20 .0525 >20 N/A N/A November 2003 .0460 1-20 .0525 20 N/A N/A December 2003 .0470 1-20 .0525 >20 N/A N/A January 2004 .0420 1-20 .0500 >20 N/A N/A February 2004 .0410 1-20 .0500 >20 N/A N/A March 2004 .0410 1-20 .0500 >20 N/A N/A April 2004 .0400 1-20 .0500 >20 N/A N/A May 2004 .0390 1-20 .0500 >20 N/A N/A June 2004 .0430 1-20 .0500 >20 N/A N/A July 2004 .0450 1-20 .0500 >20 N/A N/A August 2004 .0430 1-20 .0500 >20 N/A N/A September 2004 .0420 1-20 .0500 >20 N/A N/A October 2004 .0400 1-20 .0500 >20 N/A N/A November 2004 .0380 1-20 .0500 >20 N/A N/A December 2004 .0380 1-20 .0500 >20 N/A N/A January 2005 .0410 1-20 .0475 >20 N/A N/A February 2005 .0400 1-20 .0475 >20 N/A N/A March 2005 .0380 1-20 .0475 >20 N/A N/A April 2005 .0380 1-20 .0475 >20 N/A N/A May 2005 .0390 1-20 .0475 >20 N/A N/A June 2005 .0370 1-20 .0475 >20 N/A N/A July 2005 .0360 1-20 .0475 >20 N/A N/A August 2005 .0340 1-20 .0475 >20 N/A N/A September 2005 .0360 1-20 .0475 >20 N/A N/A October 2005 .0350 1-20 .0475 >20 N/A N/A November 2005 .0370 1-20 .0475 >20 N/A N/A December 2005 .0400 1-20 .0475 >20 N/A N/A January 2006 .0570 1-20 .0475 >20 N/A N/A February 2006 .0560 1-20 .0475 >20 N/A N/A March 2006 .0570 1-20 .0475 >20 N/A N/A April 2006 .0560 1-20 .0475 >20 N/A N/A May 2006 .0590 1-20 .0475 >20 N/A N/A June 2006 .0620 1-20 .0475 >20 N/A N/A July 2006 .0630 1-20 .0475 >20 N/A N/A August 2006 .0640 1-20 .0475 >20 N/A N/A September 2006 .0620 1-20 .0475 >20 N/A N/A October 2006 .0600 1-20 .0475 >20 N/A N/A November 2006 .0570 1-20 .0475 >20 N/A N/A December 2006 .0580 1-20 .0475 >20 N/A N/A January 2007 .0488 1-20 .0455 >20 N/A N/A February 2007 .0513 1-20 .0480 >20 N/A N/A March 2007 .0522 1-20 .0489 >20 N/A N/A April 2007 .0499 1-20 .0466 >20 N/A N/A May 2007 .0520 1-20 .0487 >20 N/A N/A June 2007 .0514 1-20 .0481 >20 N/A N/A July 2007 .0533 1-20 .0500 >20 N/A N/A August 2007 .0549 1-20 .0516 >20 N/A N/A September 2007 .0553 1-20 .0520 >20 N/A N/A October 2007 .0551 1-20 .0518 >20 N/A N/A November 2007 .0546 1-20 .0513 >20 N/A N/A December 2007 .0537 1-20 .0504 >20 N/A N/A January 2008 .0542 1-20 .0449 >20 N/A N/A February 2008 .0550 1-20 .0457 >20 N/A N/A March 2008 .0554 1-20 .0461 >20 N/A N/A April 2008 .0564 1-20 .0471 >20 N/A N/A May 2008 .0581 1-20 .0488 >20 N/A N/A June 2008 .0568 1-20 .0475 >20 N/A N/A July 2008 .0595 1-20 .0502 20 N/A N/A August 2008 .0605 1-20 .0512 >20 N/A N/A September 2008 .0624 1-20 .0531 >20 N/A N/A October 2008 .0618 1-20 .0525 >20 N/A N/A November 2008 .0709 1-20 .0616 >20 N/A N/A December 2008 .0792 1-20 .0699 >20 N/A N/A January 2009 0.0602 1-20 0.0548 >20 N/A N/A February 2009 0.0602 1-20 0.0548 >20 N/A N/A March 2009 0.0602 1-20 0.0548 >20 N/A N/A April-June 2009 0.0550 1-20 0.0502 >20 N/A N/A July-September 2009 0.0531 1-20 0.0504 >20 N/A N/A October-December 2009 0.0530 1-20 0.0501 >20 N/A N/A January - March 2010 0.0489 1-20 0.0463 >20 N/A N/A April-June 2010 0.0463 1-20 0.0451 >20 N/A N/A July-September 2010 0.0493 1-20 0.0466 >20 N/A N/A October-December 2010 0.0448 1-25 0.0451 >25 N/A N/A January-March 2011 0.0407 1-25 0.0393 >25 N/A N/A April-June 2011 0.0396 1-20 0.0432 >20 N/A N/A July-September 2011 0.0422 1-20 0.0434 >20 N/A N/A October-December 2011 0.0409 1-20 0.0430 >20 N/A N/A January-March 2012 0.0374 1-20 0.0370 >20 N/A N/A April-June 2012 0.0311 1-20 0.0336 >20 N/A N/A July-September 2012 0.0295 1-20 0.0366 >20 N/A N/A October - December 2012 0.0307 1-20 0.0300 >20 N/A N/A January-March 2013 0.0267 1-20 0.0301 >20 N/A N/A April-June 2013 0.0250 1-20 0.0320 >20 N/A N/A July-September 2013 0.0260 1-20 0.0343 >20 N/A N/A October-December 2013 0.0300 1-20 0.0331 >20 N/A N/A January-March 2014 0.0335 1-20 0.0350 >20 N/A N/A April - June 2014 0.0347 1-20 0.0364 >20 N/A N/A July-September 2014 0.0343 1-20 0.0366 >20 N/A N/A October-December 2014 0.0310 1-20 0.0329 >20 N/A N/A January-March 2015 0.0289 1-20 0.0312 >20 N/A N/A April-June 2015 0.0271 1-20 0.0278 >20 N/A N/A July-September 2015 0.0232 1-20 0.0237 >20 N/A N/A October-December 2015 0.0246 1-20 0.0298 >20 N/A N/A January-March 2016 0.0282 1-20 0.0295 >20 N/A N/A January-March 2017 0.0187 1-20 0.0237 >20 N/A N/A April-June 2016 0.0277 1-20 0.0286 >20 N/A N/A July-September 2016 0.0250 1-20 0.0285 >20 N/A N/A October-December 2016 0.0198 1-20 0.0267 >20 N/A N/A January-March 2017 0.0187 1-20 0.0237 >20 N/A N/A April-June 2017 0.0215 1-20 0.0260 >20 N/A N/A July-September 2017 0.0244 1-20 0.0274 >20 N/A N/A October-December 2017 0.0234 1-20 0.0263 >20 N/A N/A January-March 2018 0.0239 1-20 0.0260 >20 N/A N/A April-June 2018 0.0227 1-20 0.0259 >20 N/A N/A July-September 2018 0.0253 1-25 0.0264 >25 N/A N/A October-December 2018 0.0284 1-20 0.0276 >20 N/A N/A January-March 2019 0.0309 1-20 0.0284 >20 N/A N/A April-June 2019 0.0307 1-20 0.0305 >20 N/A N/A July-September 2019 0.0292 1-25 0.0307 >25 N/A N/A October-December 2019 0.0253 1-25 0.0253 >25 N/A N/A January-March 2020 0.0212 1-25 0.0226 >25 N/A N/A April-June 2020 0.0211 1-20 0.0192 >20 N/A N/A July-September 2020 0.0198 1-20 0.0157 >20 N/A N/A October-December 2020 0.0162 1-20 0.0140 >20 N/A N/A January-March 2021 0.0169 1-20 0.0166 >20 N/A N/A April-June 2021 0.0182 1-20 0.0168 >20 N/A N/A July-September 2021 0.0213 1-25 0.0223 >25 N/A N/A October-December 2021 0.0240 1-20 0.0211 >20 N/A N/A January-March 2022 0.0237 1-20 0.0203 >20 N/A N/A April-June 2022 0.0240 1-20 0.0212 >20 N/A N/A July-September 2022 0.0281 1-20 0.0294 >20 N/A N/A [61 FR 34059, July 1, 1996]