The following examples show how the rules in Secs. 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 Secs. 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 Secs. 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 Sec. 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 Sec. 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 Secs. 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.
Sec. 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]
Sec. Appendix B to Part 4022--Lump Sum Interest Rates for PBGC Payments
[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 1), 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 1 + 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 8
62................................... 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 8
133.................................. 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 8155.................................. 9-1-06 10-1-06 3.25 4.00 4.00 4.00 7 8156.................................. 10-1-06 11-1-06 3.00 4.00 4.00 4.00 7 8157.................................. 11-1-06 12-1-06 2.75 4.00 4.00 4.00 7 8158.................................. 12-1-06 1-1-07 3.00 4.00 4.00 4.00 7 8159.................................. 1-1-07 2-1-07 2.75 4.00 4.00 4.00 7 8160.................................. 2-1-07 3-1-07 3.00 4.00 4.00 4.00 7 8161.................................. 3-1-07 4-1-07 3.00 4.00 4.00 4.00 7 8162.................................. 4-1-07 5-1-07 2.75 4.00 4.00 4.00 7 8163.................................. 5-1-07 6-1-07 3.00 4.00 4.00 4.00 7 8164.................................. 6-1-07 7-1-07 3.00 4.00 4.00 4.00 7 8165.................................. 7-1-07 8-1-07 3.25 4.00 4.00 4.00 7 8166.................................. 8-1-07 9-1-07 3.50 4.00 4.00 4.00 7 8167.................................. 9-1-07 10-1-07 3.25 4.00 4.00 4.00 7 8168.................................. 10-1-07 11-1-07 3.25 4.00 4.00 4.00 7 8169.................................. 11-1-07 12-1-07 3.25 4.00 4.00 4.00 7 8170.................................. 12-1-07 01-1-08 3.00 4.00 4.00 4.00 7 8171.................................. 01-1-08 02-1-08 3.00 4.00 4.00 4.00 7 8172.................................. 02-1-08 03-1-08 3.25 4.00 4.00 4.00 7 8173.................................. 03-1-08 04-1-08 3.00 4.00 4.00 4.00 7 8174.................................. 04-1-08 05-1-08 3.25 4.00 4.00 4.00 7 8175.................................. 05-1-08 06-1-08 3.25 4.00 4.00 4.00 7 8176.................................. 06-1-08 07-1-08 3.25 4.00 4.00 4.00 7 8177.................................. 07-1-08 08-1-08 3.50 4.00 4.00 4.00 7 8178.................................. 08-1-08 09-1-08 3.25 4.00 4.00 4.00 7 8179.................................. 09-1-08 10-1-08 3.50 4.00 4.00 4.00 7 8180.................................. 10-1-08 11-1-08 3.25 4.00 4.00 4.00 7 8181.................................. 11-1-08 12-1-08 3.75 4.00 4.00 4.00 7 8182.................................. 12-1-08 01-1-09 4.75 4.00 4.00 4.00 7 8183.................................. 1-1-09 2-1-09 4.00 4.00 4.00 4.00 7 8184.................................. 2-1-09 3-1-09 3.00 4.00 4.00 4.00 7 8185.................................. 3-1-09 4-1-09 3.50 4.00 4.00 4.00 7 8186.................................. 4-1-09 5-1-09 3.25 4.00 4.00 4.00 7 8187.................................. 5-1-09 6-1-09 3.50 4.00 4.00 4.00 7 8188.................................. 6-1-09 7-1-09 3.75 4.00 4.00 4.00 7 8189.................................. 7-1-09 8-1-09 3.75 4.00 4.00 4.00 7 8190.................................. 8-1-09 9-1-09 3.00 4.00 4.00 4.00 7 8191.................................. 9-1-09 10-1-09 3.00 4.00 4.00 4.00 7 8192.................................. 10-1-09 11-1-09 2.50 4.00 4.00 4.00 7 8193.................................. 11-1-09 12-1-09 2.25 4.00 4.00 4.00 7 8194.................................. 12-1-09 1-1-10 2.50 4.00 4.00 4.00 7 8195.................................. 1-1-10 2-1-10 2.50 4.00 4.00 4.00 7 8196.................................. 2-1-10 3-1-10 2.75 4.00 4.00 4.00 7 8197.................................. 3-1-10 4-1-10 2.75 4.00 4.00 4.00 7 8198.................................. 4-1-10 5-1-10 2.75 4.00 4.00 4.00 7 8199.................................. 5-1-10 6-1-10 3.00 4.00 4.00 4.00 7 8200.................................. 6-1-10 7-1-10 2.75 4.00 4.00 4.00 7 8201.................................. 7-1-10 8-1-10 2.50 4.00 4.00 4.00 7 8202.................................. 8-1-10 9-1-10 2.25 4.00 4.00 4.00 7 8203.................................. 9-1-10 10-1-10 2.25 4.00 4.00 4.00 7 8
204.................................. 10-1-10 11-1-10 1.75 4.00 4.00 4.00 7 8205.................................. 11-1-10 12-1-10 1.75 4.00 4.00 4.00 7 8206.................................. 12-1-10 1-1-11 2.25 4.00 4.00 4.00 7 8207.................................. 1-1-11 2-1-11 2.25 4.00 4.00 4.00 7 8208.................................. 2-1-11 3-1-11 2.50 4.00 4.00 4.00 7 8209.................................. 3-1-11 4-1-11 2.50 4.00 4.00 4.00 7 8210.................................. 4-1-11 5-1-11 2.50 4.00 4.00 4.00 7 8211.................................. 5-1-11 6-1-11 2.50 4.00 4.00 4.00 7 8212.................................. 6-1-11 7-1-11 2.50 4.00 4.00 4.00 7 8213.................................. 7-1-11 8-1-11 2.25 4.00 4.00 4.00 7 8214.................................. 8-1-11 9-1-11 2.25 4.00 4.00 4.00 7 8215.................................. 9-1-11 10-1-11 2.25 4.00 4.00 4.00 7 8216.................................. 10-1-11 11-1-11 1.75 4.00 4.00 4.00 7 8217.................................. 11-1-11 12-1-11 1.50 4.00 4.00 4.00 7 8218.................................. 12-1-11 1-1-12 1.50 4.00 4.00 4.00 7 8219.................................. 1-1-12 2-1-12 1.25 4.00 4.00 4.00 7 8220.................................. 2-1-12 3-1-12 1.25 4.00 4.00 4.00 7 8221.................................. 3-1-12 4-1-12 1.25 4.00 4.00 4.00 7 8222.................................. 4-1-12 5-1-12 1.25 4.00 4.00 4.00 7 8223.................................. 5-1-12 6-1-12 1.50 4.00 4.00 4.00 7 8224.................................. 6-1-12 7-1-12 1.25 4.00 4.00 4.00 7 8225.................................. 7-1-12 8-1-12 1.00 4.00 4.00 4.00 7 8226.................................. 8-1-12 9-1-12 1.00 4.00 4.00 4.00 7 8227.................................. 9-1-12 10-1-12 0.75 4.00 4.00 4.00 7 8228.................................. 10-1-12 11-1-12 0.75 4.00 4.00 4.00 7 8229.................................. 11-1-12 12-1-12 0.75 4.00 4.00 4.00 7 8230.................................. 12-1-12 1-1-13 0.75 4.00 4.00 4.00 7 8231.................................. 1-1-13 2-1-13 0.75 4.00 4.00 4.00 7 8232.................................. 2-1-13 3-1-13 0.75 4.00 4.00 4.00 7 8233.................................. 3-1-13 4-1-13 1.00 4.00 4.00 4.00 7 8234.................................. 4-1-13 5-1-13 1.00 4.00 4.00 4.00 7 8235.................................. 5-1-13 6-1-13 1.00 4.00 4.00 4.00 7 8236.................................. 6-1-13 7-1-13 0.75 4.00 4.00 4.00 7 8237.................................. 7-1-13 8-1-13 1.25 4.00 4.00 4.00 7 8238.................................. 8-1-13 9-1-13 1.75 4.00 4.00 4.00 7 8239.................................. 9-1-13 10-1-13 1.50 4.00 4.00 4.00 7 8240.................................. 10-1-13 11-1-13 1.75 4.00 4.00 4.00 7 8241.................................. 11-1-13 12-1-13 1.75 4.00 4.00 4.00 7 8242.................................. 12-1-13 01-1-14 1.75 4.00 4.00 4.00 7 8243.................................. 1-1-14 2-1-14 1.75 4.00 4.00 4.00 7 8244.................................. 2-1-14 3-1-14 1.75 4.00 4.00 4.00 7 8245.................................. 3-1-14 4-1-14 1.50 4.00 4.00 4.00 7 8246.................................. 4-1-14 5-1-14 1.50 4.00 4.00 4.00 7 8247.................................. 5-1-14 6-1-14 1.50 4.00 4.00 4.00 7 8248.................................. 6-1-14 7-1-14 1.25 4.00 4.00 4.00 7 8249.................................. 7-1-14 8-1-14 1.25 4.00 4.00 4.00 7 8250.................................. 8-1-14 9-1-14 1.25 4.00 4.00 4.00 7 8251.................................. 9-1-14 10-1-14 1.25 4.00 4.00 4.00 7 8252.................................. 10-1-14 11-1-14 1.00 4.00 4.00 4.00 7 8253.................................. 11-1-14 12-1-14 1.25 4.00 4.00 4.00 7 8254.................................. 12-1-14 1-1-15 1.00 4.00 4.00 4.00 7 8255.................................. 1-1-15 2-1-15 1.00 4.00 4.00 4.00 7 8256.................................. 2-1-15 3-1-15 1.00 4.00 4.00 4.00 7 8257.................................. 3-1-15 4-1-15 0.50 4.00 4.00 4.00 7 8258.................................. 4-1-15 5-1-15 0.75 4.00 4.00 4.00 7 8259.................................. 5-1-15 6-1-15 0.75 4.00 4.00 4.00 7 8260.................................. 6-1-15 7-1-15 0.75 4.00 4.00 4.00 7 8261.................................. 7-1-15 8-1-15 1.25 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 at www.fdsys.gov. Sec. Appendix C to Part 4022--Lump Sum Interest Rates for Private-Sector
Payments [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 01 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 8
55.................................................. 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 8
127................................................. 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 8155................................................. 9-1-06 10-1-06 3.25 4.00 4.00 4.00 7 8156................................................. 10-1-06 11-1-06 3.00 4.00 4.00 4.00 7 8157................................................. 11-1-06 12-1-06 2.75 4.00 4.00 4.00 7 8158................................................. 12-1-06 1-1-07 3.00 4.00 4.00 4.00 7 8159................................................. 1-1-07 2-1-07 2.75 4.00 4.00 4.00 7 8160................................................. 2-1-07 3-1-07 3.00 4.00 4.00 4.00 7 8161................................................. 3-1-07 4-1-07 3.00 4.00 4.00 4.00 7 8162................................................. 4-1-07 5-1-07 2.75 4.00 4.00 4.00 7 8163................................................. 5-1-07 6-1-07 3.00 4.00 4.00 4.00 7 8164................................................. 6-1-07 7-1-07 3.00 4.00 4.00 4.00 7 8165................................................. 7-1-07 8-1-07 3.25 4.00 4.00 4.00 7 8166................................................. 8-1-07 9-1-07 3.50 4.00 4.00 4.00 7 8167................................................. 9-1-07 10-1-07 3.25 4.00 4.00 4.00 7 8168................................................. 10-1-07 11-1-07 3.25 4.00 4.00 4.00 7 8169................................................. 11-1-07 12-1-07 3.25 4.00 4.00 4.00 7 8170................................................. 12-1-07 01-1-08 3.00 4.00 4.00 4.00 7 8171................................................. 01-1-08 02-1-08 3.00 4.00 4.00 4.00 7 8172................................................. 02-1-08 03-1-08 3.25 4.00 4.00 4.00 7 8173................................................. 03-1-08 04-1-08 3.00 4.00 4.00 4.00 7 8174................................................. 04-1-08 05-1-08 3.25 4.00 4.00 4.00 7 8175................................................. 05-1-08 06-1-08 3.25 4.00 4.00 4.00 7 8176................................................. 06-1-08 07-1-08 3.25 4.00 4.00 4.00 7 8177................................................. 07-1-08 08-1-08 3.50 4.00 4.00 4.00 7 8178................................................. 08-1-08 09-1-08 3.25 4.00 4.00 4.00 7 8179................................................. 09-1-08 10-1-08 3.50 4.00 4.00 4.00 7 8180................................................. 10-1-08 11-1-08 3.25 4.00 4.00 4.00 7 8181................................................. 11-1-08 12-1-08 3.75 4.00 4.00 4.00 7 8182................................................. 12-1-08 01-1-09 4.75 4.00 4.00 4.00 7 8183................................................. 1-1-09 2-1-09 4.00 4.00 4.00 4.00 7 8184................................................. 2-1-09 3-1-09 3.00 4.00 4.00 4.00 7 8185................................................. 3-1-09 4-1-09 3.50 4.00 4.00 4.00 7 8186................................................. 4-1-09 5-1-09 3.25 4.00 4.00 4.00 7 8187................................................. 5-1-09 6-1-09 3.50 4.00 4.00 4.00 7 8188................................................. 6-1-09 7-1-09 3.75 4.00 4.00 4.00 7 8189................................................. 7-1-09 8-1-09 3.75 4.00 4.00 4.00 7 8190................................................. 8-1-09 9-1-09 3.00 4.00 4.00 4.00 7 8191................................................. 9-1-09 10-1-09 3.00 4.00 4.00 4.00 7 8192................................................. 10-1-09 11-1-09 2.50 4.00 4.00 4.00 7 8193................................................. 11-1-09 12-1-09 2.25 4.00 4.00 4.00 7 8194................................................. 12-1-09 1-1-10 2.50 4.00 4.00 4.00 7 8195................................................. 1-1-10 2-1-10 2.50 4.00 4.00 4.00 7 8196................................................. 2-1-10 3-1-10 2.75 4.00 4.00 4.00 7 8197................................................. 3-1-10 4-1-10 2.75 4.00 4.00 4.00 7 8198................................................. 4-1-10 5-1-10 2.75 4.00 4.00 4.00 7 8
199................................................. 5-1-10 6-1-10 3.00 4.00 4.00 4.00 7 8200................................................. 6-1-10 7-1-10 2.75 4.00 4.00 4.00 7 8201................................................. 7-1-10 8-1-10 2.50 4.00 4.00 4.00 7 8202................................................. 8-1-10 9-1-10 2.25 4.00 4.00 4.00 7 8203................................................. 9-1-10 10-1-10 2.25 4.00 4.00 4.00 7 8204................................................. 10-1-10 11-1-10 1.75 4.00 4.00 4.00 7 8205................................................. 11-1-10 12-1-10 1.75 4.00 4.00 4.00 7 8206................................................. 12-1-10 1-1-11 2.25 4.00 4.00 4.00 7 8207................................................. 1-1-11 2-1-11 2.25 4.00 4.00 4.00 7 8208................................................. 2-1-11 3-1-11 2.50 4.00 4.00 4.00 7 8209................................................. 3-1-11 4-1-11 2.50 4.00 4.00 4.00 7 8210................................................. 4-1-11 5-1-11 2.50 4.00 4.00 4.00 7 8211................................................. 5-1-11 6-1-11 2.50 4.00 4.00 4.00 7 8212................................................. 6-1-11 7-1-11 2.50 4.00 4.00 4.00 7 8213................................................. 7-1-11 8-1-11 2.25 4.00 4.00 4.00 7 8214................................................. 8-1-11 9-1-11 2.25 4.00 4.00 4.00 7 8215................................................. 9-1-11 10-1-11 2.25 4.00 4.00 4.00 7 8216................................................. 10-1-11 11-1-11 1.75 4.00 4.00 4.00 7 8217................................................. 11-1-11 12-1-11 1.50 4.00 4.00 4.00 7 8218................................................. 12-1-11 1-1-12 1.50 4.00 4.00 4.00 7 8219................................................. 1-1-12 2-1-12 1.25 4.00 4.00 4.00 7 8220................................................. 2-1-12 3-1-12 1.25 4.00 4.00 4.00 7 8221................................................. 3-1-12 4-1-12 1.25 4.00 4.00 4.00 7 8222................................................. 4-1-12 5-1-12 1.25 4.00 4.00 4.00 7 8223................................................. 5-1-12 6-1-12 1.50 4.00 4.00 4.00 7 8224................................................. 6-1-12 7-1-12 1.25 4.00 4.00 4.00 7 8225................................................. 7-1-12 8-1-12 1.00 4.00 4.00 4.00 7 8226................................................. 8-1-12 9-1-12 1.00 4.00 4.00 4.00 7 8227................................................. 9-1-12 10-1-12 0.75 4.00 4.00 4.00 7 8228................................................. 10-1-12 11-1-12 0.75 4.00 4.00 4.00 7 8229................................................. 11-1-12 12-1-12 0.75 4.00 4.00 4.00 7 8230................................................. 12-1-12 1-1-13 0.75 4.00 4.00 4.00 7 8231................................................. 1-1-13 2-1-13 0.75 4.00 4.00 4.00 7 8232................................................. 2-1-13 3-1-13 0.75 4.00 4.00 4.00 7 8233................................................. 3-1-13 4-1-13 1.00 4.00 4.00 4.00 7 8234................................................. 4-1-13 5-1-13 1.00 4.00 4.00 4.00 7 8235................................................. 5-1-13 6-1-13 1.00 4.00 4.00 4.00 7 8236................................................. 6-1-13 7-1-13 0.75 4.00 4.00 4.00 7 8237................................................. 7-1-13 8-1-13 1.25 4.00 4.00 4.00 7 8238................................................. 8-1-13 9-1-13 1.75 4.00 4.00 4.00 7 8239................................................. 9-1-13 10-1-13 1.50 4.00 4.00 4.00 7 8240................................................. 10-1-13 11-1-13 1.75 4.00 4.00 4.00 7 8241................................................. 11-1-13 12-1-13 1.75 4.00 4.00 4.00 7 8242................................................. 12-1-13 01-1-14 1.75 4.00 4.00 4.00 7 8243................................................. 1-1-14 2-1-14 1.75 4.00 4.00 4.00 7 8244................................................. 2-1-14 3-1-14 1.75 4.00 4.00 4.00 7 8245................................................. 3-1-14 4-1-14 1.50 4.00 4.00 4.00 7 8246................................................. 4-1-14 5-1-14 1.50 4.00 4.00 4.00 7 8247................................................. 5-1-14 6-1-14 1.50 4.00 4.00 4.00 7 8248................................................. 6-1-14 7-1-14 1.25 4.00 4.00 4.00 7 8249................................................. 7-1-14 8-1-14 1.25 4.00 4.00 4.00 7 8250................................................. 8-1-14 9-1-14 1.25 4.00 4.00 4.00 7 8251................................................. 9-1-14 10-1-14 1.25 4.00 4.00 4.00 7 8252................................................. 10-1-14 11-1-14 1.00 4.00 4.00 4.00 7 8253................................................. 11-1-14 12-1-14 1.25 4.00 4.00 4.00 7 8254................................................. 12-1-14 1-1-15 1.00 4.00 4.00 4.00 7 8255................................................. 1-1-15 2-1-15 1.00 4.00 4.00 4.00 7 8256................................................. 2-1-15 3-1-15 1.00 4.00 4.00 4.00 7 8257................................................. 3-1-15 4-1-15 0.50 4.00 4.00 4.00 7 8258................................................. 4-1-15 5-1-15 0.75 4.00 4.00 4.00 7 8259................................................. 5-1-15 6-1-15 0.75 4.00 4.00 4.00 7 8260................................................. 6-1-15 7-1-15 0.75 4.00 4.00 4.00 7 8261................................................. 7-1-15 8-1-15 1.25 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 at www.fdsys.gov. PART 4022B_AGGREGATE LIMITS ON GUARANTEED BENEFITS--Table of Contents
Authority: 29 U.S.C. 1302(b)(3), 1322B. Sec. 4022B.1 Aggregate payments limitation.
(a) Benefits with respect to two or more plans. If a person (or persons) is entitled to benefits payable with respect to one participant in two or more plans, the aggregate benefits payable by PBGC from its funds is limited by Sec. 4022.22 of this chapter (without regard to Sec. 4022.22(a)). The PBGC will determine the limitation as of the date of the last plan termination.
(b) Benefits with respect to two or more participants. The PBGC will not aggregate the benefits payable with respect to one participant with the benefits payable with respect to any other participant (e.g., if an individual is entitled to benefits both as a participant and as the spouse of a deceased participant). [67 FR 16959, Apr. 8, 2002]
SUBCHAPTER E_PLAN TERMINATIONS