C2-25338. Disclosure of Relative Values of Optional Forms of Benefit

Correction

In proposed rule document 02-25338 beginning on page 62417 in the issue of Monday, October 7, 2002, make the following correction:

§ 1.417(a)(3)-1

[Corrected]

On page 62425, in § 1.417(a)(3)-1, the table is being republished in its entirety.

Age 55 Commencement

Optional form	Amount of distribution per $1,000 of immediate single life annuity	Relative value
Life Annuity	$1,000 per month	Approximately the same value as the OJSA.
QJSA (joint and 75% survivor annuity)	$956 per month	n/a.
Joint and 100% survivor annuity	$886 per month	Approximately the same value as the QJSA.
Lump sum	$165,959	Approximately the same value as the QJSA.

Age 60 Commencement

Optional form	Amount of distribution per $1,000 of immediate single life annuity	Relative value
Life Annuity	$1,000 per month	Approximately 94% of the value of the QJSA.
QJSA (joint and 75% survivor annuity)	$945 per month	n/a.
Joint and 100% survivor annuity	$859 per month	Approximately 94% of the value of the QJSA.
Lump sum	$151,691	Approximately the same value as the QJSA.

Age 65 Commencement

Optional form	Amount of distribution per $1,000 of immediate single life annuity	Relative value
Life Annuity	$1,000 per month	Approximately 93% of the value of the QJSA.
QJSA (joint and 75% survivor annuity)	$932 per month	n/a.
Joint and 100% survivor annuity	$828 per month	Approximately 93% of the value of the QJSA.
Lump sum	$135,759	Approximately 93% of the value of the QJSA.