APPENDIX B TO PART 4044-INTEREST RATES USED TO VALUE ANNUITIES AND LUMP SUMS TABLE I—[ANNUITY VALUATIONS] [This table sets forth, for each indicated calendar month, the interest rates (denoted by i1, 2, 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.] TABLE II [LUMP SUM VALUATIONS] [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 i 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 ≤ n + n2); interest rate iz shall apply from the valuation date for a period of y-n1 years, interest rate i 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 > ni + n2), interest rate 3 shall apply from the valuation date for a period of y-n1-n2 years; interest rate iz shall apply for the following n2 years; interest rate i, shall apply for the following n, years; thereafter the immediate annuity rate shall apply.] [61 FR 34059, July 1, 1996] EDITORIAL NOTE: For FEDERAL REGISTER citations affecting part 4044, appendix B, see the List of CFR Sections Affected in the Finding Aids section of this volume. |