[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR4022.104]
[Page 810-817]
TITLE 29--LABOR
CHAPTER XL--PENSION BENEFIT GUARANTY CORPORATION
PART 4022_BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS--Table
of Contents
Subpart G_Certain-and-Continuous and Similar Annuity Payments Owed for
Future Periods After Death
Sec. 4022.104 Examples.
The following examples show how the rules in Sec. Sec. 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
[[Page 811]]
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 Sec. Sec. 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 Sec. Sec. 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 Sec. Sec.
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........................................................... 0.000000
13........................................................... 0.000000
14........................................................... 0.000000
15........................................................... 0.000000
16........................................................... 0.001437
17........................................................... 0.001414
18........................................................... 0.001385
19........................................................... 0.001351
20........................................................... 0.001311
21........................................................... 0.001267
22........................................................... 0.001219
23........................................................... 0.001167
24........................................................... 0.001149
25........................................................... 0.001129
26........................................................... 0.001107
27........................................................... 0.001083
28........................................................... 0.001058
29........................................................... 0.001083
30........................................................... 0.001111
31........................................................... 0.001141
32........................................................... 0.001173
33........................................................... 0.001208
34........................................................... 0.001297
35........................................................... 0.001398
36........................................................... 0.001513
37........................................................... 0.001643
38........................................................... 0.001792
39........................................................... 0.001948
40........................................................... 0.002125
41........................................................... 0.002327
42........................................................... 0.002556
43........................................................... 0.002818
44........................................................... 0.003095
45........................................................... 0.003410
46........................................................... 0.003769
47........................................................... 0.004180
48........................................................... 0.004635
49........................................................... 0.005103
50........................................................... 0.005616
51........................................................... 0.006196
52........................................................... 0.006853
53........................................................... 0.007543
54........................................................... 0.008278
55........................................................... 0.009033
56........................................................... 0.009875
57........................................................... 0.010814
58........................................................... 0.011863
59........................................................... 0.012952
60........................................................... 0.014162
61........................................................... 0.015509
62........................................................... 0.017010
63........................................................... 0.018685
64........................................................... 0.020517
65........................................................... 0.022562
66........................................................... 0.024847
67........................................................... 0.027232
68........................................................... 0.029634
69........................................................... 0.032073
70........................................................... 0.034743
71........................................................... 0.037667
[[Page 812]]
72........................................................... 0.040871
73........................................................... 0.044504
74........................................................... 0.048504
75........................................................... 0.052913
76........................................................... 0.057775
77........................................................... 0.063142
78........................................................... 0.068628
79........................................................... 0.074648
80........................................................... 0.081256
81........................................................... 0.088518
82........................................................... 0.096218
83........................................................... 0.104310
84........................................................... 0.112816
85........................................................... 0.122079
86........................................................... 0.132174
87........................................................... 0.143179
88........................................................... 0.155147
89........................................................... 0.168208
90........................................................... 0.182461
91........................................................... 0.198030
92........................................................... 0.215035
93........................................................... 0.232983
94........................................................... 0.252545
95........................................................... 0.273878
96........................................................... 0.297152
97........................................................... 0.322553
98........................................................... 0.349505
99........................................................... 0.378865
100.......................................................... 0.410875
101.......................................................... 0.445768
102.......................................................... 0.483830
103.......................................................... 0.524301
104.......................................................... 0.568365
105.......................................................... 0.616382
106.......................................................... 0.668696
107.......................................................... 0.725745
108.......................................................... 0.786495
109.......................................................... 0.852659
110.......................................................... 0.924666
111.......................................................... 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
[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 8
2.................................... 12-1-93 1-1-94 4.25 4.00 4.00 4.00 7 8
3.................................... 1-1-94 2-1-94 4.50 4.00 4.00 4.00 7 8
4.................................... 2-1-94 3-1-94 4.50 4.00 4.00 4.00 7 8
5.................................... 3-1-94 4-1-94 4.50 4.00 4.00 4.00 7 8
6.................................... 4-1-94 5-1-94 4.75 4.00 4.00 4.00 7 8
7.................................... 5-1-94 6-1-94 5.25 4.50 4.00 4.00 7 8
8.................................... 6-1-94 7-1-94 5.25 4.50 4.00 4.00 7 8
9.................................... 7-1-94 8-1-94 5.50 4.75 4.00 4.00 7 8
10................................... 8-1-94 9-1-94 5.75 5.00 4.00 4.00 7 8
11................................... 9-1-94 10-1-94 5.50 4.75 4.00 4.00 7 8
12................................... 10-1-94 11-1-94 5.50 4.75 4.00 4.00 7 8
13................................... 11-1-94 12-1-94 6.00 5.25 4.00 4.00 7 8
14................................... 12-1-94 1-1-95 6.25 5.50 4.25 4.00 7 8
15................................... 1-1-95 2-1-95 6.00 5.25 4.00 4.00 7 8
16................................... 2-1-95 3-1-95 6.00 5.25 4.00 4.00 7 8
17................................... 3-1-95 4-1-95 6.00 5.25 4.00 4.00 7 8
18................................... 4-1-95 5-1-95 5.75 5.00 4.00 4.00 7 8
19................................... 5-1-95 6-1-95 5.50 4.75 4.00 4.00 7 8
20................................... 6-1-95 7-1-95 5.50 4.75 4.00 4.00 7 8
21................................... 7-1-95 8-1-95 4.75 4.00 4.00 4.00 7 8
22................................... 8-1-95 9-1-95 4.75 4.00 4.00 4.00 7 8
23................................... 9-1-95 10-1-95 5.00 4.25 4.00 4.00 7 8
24................................... 10-1-95 11-1-95 4.75 4.00 4.00 4.00 7 8
25................................... 11-1-95 12-1-95 4.75 4.00 4.00 4.00 7 8
26................................... 12-1-95 1-1-96 4.50 4.00 4.00 4.00 7 8
27................................... 1-1-96 2-1-96 4.50 4.00 4.00 4.00 7 8
[[Page 813]]
28................................... 2-1-96 3-1-96 4.25 4.00 4.00 4.00 7 8
29................................... 3-1-96 4-1-96 4.25 4.00 4.00 4.00 7 8
30................................... 4-1-96 5-1-96 4.75 4.00 4.00 4.00 7 8
31................................... 5-1-96 6-1-96 5.00 4.25 4.00 4.00 7 8
32................................... 6-1-96 7-1-96 5.00 4.25 4.00 4.00 7 8
33................................... 7-1-96 8-1-96 5.00 4.25 4.00 4.00 7 8
34................................... 8-1-96 9-1-96 5.25 4.50 4.00 4.00 7 8
35................................... 9-1-96 10-1-96 5.25 4.50 4.00 4.00 7 8
36................................... 10-1-96 11-1-96 5.25 4.50 4.00 4.00 7 8
37................................... 11-1-96 12-1-96 5.00 4.25 4.00 4.00 7 8
38................................... 12-1-96 1-1-97 4.75 4.00 4.00 4.00 7 8
39................................... 1-1-97 2-1-97 4.50 4.00 4.00 4.00 7 8
40................................... 2-1-97 3-1-97 4.75 4.00 4.00 4.00 7 8
41................................... 3-1-97 4-1-97 5.00 4.25 4.00 4.00 7 8
42................................... 4-1-97 5-1-97 4.75 4.00 4.00 4.00 7 8
43................................... 5-1-97 6-1-97 5.00 4.25 4.00 4.00 7 8
44................................... 6-1-97 7-1-97 5.25 4.50 4.00 4.00 7 8
45................................... 7-1-97 8-1-97 5.25 4.50 4.00 4.00 7 8
46................................... 8-1-97 9-1-97 4.75 4.00 4.00 4.00 7 8
47................................... 9-1-97 10-1-97 4.50 4.00 4.00 4.00 7 8
48................................... 10-1-97 11-1-97 4.75 4.00 4.00 4.00 7 8
49................................... 11-1-97 12-1-97 4.50 4.00 4.00 4.00 7 8
50................................... 12-1-97 1-1-98 4.50 4.00 4.00 4.00 7 8
51................................... 1-1-98 2-1-98 4.25 4.00 4.00 4.00 7 8
52................................... 2-1-98 3-1-98 4.25 4.00 4.00 4.00 7 8
53................................... 3-1-98 4-1-98 4.25 4.00 4.00 4.00 7 8
54................................... 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 8
56................................... 6-1-98 7-1-98 4.25 4.00 4.00 4.00 7 8
57................................... 7-1-98 8-1-98 4.00 4.00 4.00 4.00 7 8
58................................... 8-1-98 9-1-98 4.00 4.00 4.00 4.00 7 8
59................................... 9-1-98 10-1-98 4.00 4.00 4.00 4.00 7 8
60................................... 10-1-98 11-1-98 4.00 4.00 4.00 4.00 7 8
61................................... 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 8
63................................... 1-1-99 2-1-99 4.00 4.00 4.00 4.00 7 8
64................................... 2-1-99 3-1-99 4.00 4.00 4.00 4.00 7 8
65................................... 3-1-99 4-1-99 4.00 4.00 4.00 4.00 7 8
66................................... 4-1-99 5-1-99 4.25 4.00 4.00 4.00 7 8
67................................... 5-1-99 6-1-99 4.25 4.00 4.00 4.00 7 8
68................................... 6-1-99 7-1-99 4.25 4.00 4.00 4.00 7 8
69................................... 7-1-99 8-1-99 4.50 4.00 4.00 4.00 7 8
70................................... 8-1-99 9-1-99 5.00 4.25 4.00 4.00 7 8
71................................... 9-1-99 10-1-99 5.00 4.25 4.00 4.00 7 8
72................................... 10-1-99 11-1-99 5.00 4.25 4.00 4.00 7 8
73................................... 11-1-99 12-1-99 5.00 4.25 4.00 4.00 7 8
74................................... 12-1-99 1-1-00 5.25 4.50 4.00 4.00 7 8
75................................... 1-1-00 2-1-00 5.00 4.25 4.00 4.00 7 8
76................................... 2-1-00 3-1-00 5.25 4.50 4.00 4.00 7 8
77................................... 3-1-00 4-1-00 5.25 4.50 4.00 4.00 7 8
78................................... 4-1-00 5-1-00 5.25 4.50 4.00 4.00 7 8
79................................... 5-1-00 6-1-00 5.25 4.50 4.00 4.00 7 8
80................................... 6-1-00 7-1-00 5.25 4.50 4.00 4.00 7 8
81................................... 7-1-00 8-1-00 5.50 4.75 4.00 4.00 7 8
82................................... 8-1-00 9-1-00 5.25 4.50 4.00 4.00 7 8
83................................... 9-1-00 10-1-00 5.25 4.50 4.00 4.00 7 8
84................................... 10-1-00 11-1-00 5.00 4.25 4.00 4.00 7 8
85................................... 11-1-00 12-1-00 5.25 4.50 4.00 4.00 7 8
86................................... 12-1-00 1-1-01 5.25 4.50 4.00 4.00 7 8
87................................... 1-1-01 2-1-01 5.00 4.25 4.00 4.00 7 8
88................................... 2-1-01 3-1-01 4.75 4.00 4.00 4.00 7 8
89................................... 3-1-01 4-1-01 4.75 4.00 4.00 4.00 7 8
90................................... 4-1-01 5-1-01 4.75 4.00 4.00 4.00 7 8
91................................... 5-1-01 6-1-01 4.75 4.00 4.00 4.00 7 8
92................................... 6-1-01 7-1-01 5.00 4.25 4.00 4.00 7 8
93................................... 7-1-01 8-1-01 5.00 4.25 4.00 4.00 7 8
94................................... 8-1-01 9-1-01 4.75 4.00 4.00 4.00 7 8
95................................... 9-1-01 10-1-01 4.50 4.00 4.00 4.00 7 8
96................................... 10-1-01 11-1-01 4.50 4.00 4.00 4.00 7 8
97................................... 11-1-01 12-1-01 4.75 4.00 4.00 4.00 7 8
98................................... 12-1-01 1-1-02 4.50 4.00 4.00 4.00 7 8
[[Page 814]]
99................................... 1-1-02 2-1-02 4.50 4.00 4.00 4.00 7 8
100.................................. 2-1-02 3-1-02 4.75 4.00 4.00 4.00 7 8
101.................................. 3-1-02 4-1-02 4.50 4.00 4.00 4.00 7 8
102.................................. 4-1-02 5-1-02 4.25 4.00 4.00 4.00 7 8
103.................................. 5-1-02 6-1-02 4.75 4.00 4.00 4.00 7 8
104.................................. 6-1-02 7-1-02 4.50 4.00 4.00 4.00 7 8
105.................................. 7-1-02 8-1-02 4.50 4.00 4.00 4.00 7 8
106.................................. 8-1-02 9-1-02 4.25 4.00 4.00 4.00 7 8
107.................................. 9-1-02 10-1-02 4.25 4.00 4.00 4.00 7 8
108.................................. 10-1-02 11-1-02 4.00 4.00 4.00 4.00 7 8
109.................................. 11-1-02 12-1-02 3.75 4.00 4.00 4.00 7 8
110.................................. 12-1-02 1-1-03 4.00 4.00 4.00 4.00 7 8
111.................................. 1-1-03 2-1-03 4.00 4.00 4.00 4.00 7 8
112.................................. 2-1-03 3-1-03 3.75 4.00 4.00 4.00 7 8
113.................................. 3-1-03 4-1-03 3.75 4.00 4.00 4.00 7 8
114.................................. 4-1-03 5-1-03 3.50 4.00 4.00 4.00 7 8
115.................................. 5-1-03 6-1-03 3.50 4.00 4.00 4.00 7 8
116.................................. 6-1-03 7-1-03 3.50 4.00 4.00 4.00 7 8
117.................................. 7-1-03 8-1-03 3.00 4.00 4.00 4.00 7 8
118.................................. 8-1-03 9-1-03 3.00 4.00 4.00 4.00 7 8
119.................................. 9-1-03 10-1-03 3.50 4.00 4.00 4.00 7 8
120.................................. 10-1-03 11-1-03 3.50 4.00 4.00 4.00 7 8
121.................................. 11-1-03 12-1-03 3.25 4.00 4.00 4.00 7 8
122.................................. 12-1-03 1-1-04 3.25 4.00 4.00 4.00 7 8
123.................................. 1-1-04 2-1-04 3.25 4.00 4.00 4.00 7 8
124 2-1-04 3-1-04 3.25 4.00 4.00 4.00 7 8
125.................................. 3-1-04 4-1-04 3.00 4.00 4.00 4.00 7 8
126.................................. 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 8
129.................................. 7-1-04 8-1-04 3.50 4.00 4.00 4.00 7 8
130.................................. 8-1-04 9-1-04 3.50 4.00 4.00 4.00 7 8
131.................................. 9-1-04 10-1-04 3.25 4.00 4.00 4.00 7 8
132.................................. 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 8
134.................................. 12-1-04 1-1-05 2.75 4.00 4.00 4.00 7 8
135.................................. 1-1-05 2-1-05 3.00 4.00 4.00 4.00 7 8
136.................................. 2-1-05 3-1-05 3.00 4.00 4.00 4.00 7 8
137.................................. 3-1-05 4-1-05 2.75 4.00 4.00 4.00 7 8
138.................................. 4-1-05 5-1-05 2.75 4.00 4.00 4.00 7 8
139.................................. 5-1-05 6-1-05 2.75 4.00 4.00 4.00 7 8
140.................................. 6-1-05 7-1-05 2.50 4.00 4.00 4.00 7 8
141.................................. 7-1-05 8-1-05 2.50 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
[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.]
[[Page 815]]
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 8
2................................................... 12-1-93 1-1-94 4.25 4.00 4.00 4.00 7 8
3................................................... 1-1-94 2-1-94 4.50 4.00 4.00 4.00 7 8
4................................................... 2-1-94 3-1-94 4.50 4.00 4.00 4.00 7 8
5................................................... 3-1-94 4-1-94 4.50 4.00 4.00 4.00 7 8
6................................................... 4-1-94 5-1-94 4.75 4.00 4.00 4.00 7 8
7................................................... 5-1-94 6-1-94 5.25 4.50 4.00 4.00 7 8
8................................................... 6-1-94 7-1-94 5.25 4.50 4.00 4.00 7 8
9................................................... 7-1-94 8-1-94 5.50 4.75 4.00 4.00 7 8
10.................................................. 8-1-94 9-1-94 5.75 5.00 4.00 4.00 7 8
11.................................................. 9-1-94 10-1-94 5.50 4.75 4.00 4.00 7 8
12.................................................. 10-1-94 11-1-94 5.50 4.75 4.00 4.00 7 8
13.................................................. 11-1-94 12-1-94 6.00 5.25 4.00 4.00 7 8
14.................................................. 12-1-94 1-1-95 6.25 5.50 4.25 4.00 7 8
15.................................................. 1-1-95 2-1-95 6.00 5.25 4.00 4.00 7 8
16.................................................. 2-1-95 3-1-95 6.00 5.25 4.00 4.00 7 8
17.................................................. 3-1-95 4-1-95 6.00 5.25 4.00 4.00 7 8
18.................................................. 4-1-95 5-1-95 5.75 5.00 4.00 4.00 7 8
19.................................................. 5-1-95 6-1-95 5.50 4.75 4.00 4.00 7 8
20.................................................. 6-1-95 7-1-95 5.50 4.75 4.00 4.00 7 8
21.................................................. 7-1-95 8-1-95 4.75 4.00 4.00 4.00 7 8
22.................................................. 8-1-95 9-1-95 4.75 4.00 4.00 4.00 7 8
23.................................................. 9-1-95 10-1-95 5.00 4.25 4.00 4.00 7 8
24.................................................. 10-1-95 11-1-95 4.75 4.00 4.00 4.00 7 8
25.................................................. 11-1-95 12-1-95 4.75 4.00 4.00 4.00 7 8
26.................................................. 12-1-95 1-1-96 4.50 4.00 4.00 4.00 7 8
27.................................................. 1-1-96 2-1-96 4.50 4.00 4.00 4.00 7 8
28.................................................. 2-1-96 3-1-96 4.25 4.00 4.00 4.00 7 8
29.................................................. 3-1-96 4-1-96 4.25 4.00 4.00 4.00 7 8
30.................................................. 4-1-96 5-1-96 4.75 4.00 4.00 4.00 7 8
31.................................................. 5-1-96 6-1-96 5.00 4.25 4.00 4.00 7 8
32.................................................. 6-1-96 7-1-96 5.00 4.25 4.00 4.00 7 8
33.................................................. 7-1-96 8-1-96 5.00 4.25 4.00 4.00 7 8
34.................................................. 8-1-96 9-1-96 5.25 4.50 4.00 4.00 7 8
35.................................................. 9-1-96 10-1-96 5.25 4.50 4.00 4.00 7 8
36.................................................. 10-1-96 11-1-96 5.25 4.50 4.00 4.00 7 8
37.................................................. 11-1-96 12-1-96 5.00 4.25 4.00 4.00 7 8
38.................................................. 12-1-96 1-1-97 4.75 4.00 4.00 4.00 7 8
39.................................................. 1-1-97 2-1-97 4.50 4.00 4.00 4.00 7 8
40.................................................. 2-1-97 3-1-97 4.75 4.00 4.00 4.00 7 8
41.................................................. 3-1-97 4-1-97 5.00 4.25 4.00 4.00 7 8
42.................................................. 4-1-97 5-1-97 4.75 4.00 4.00 4.00 7 8
43.................................................. 5-1-97 6-1-97 5.00 4.25 4.00 4.00 7 8
44.................................................. 6-1-97 7-1-97 5.25 4.50 4.00 4.00 7 8
45.................................................. 7-1-97 8-1-97 5.25 4.50 4.00 4.00 7 8
46.................................................. 8-1-97 9-1-97 4.75 4.00 4.00 4.00 7 8
47.................................................. 9-1-97 10-1-97 4.50 4.00 4.00 4.00 7 8
48.................................................. 10-1-97 11-1-97 4.75 4.00 4.00 4.00 7 8
49.................................................. 11-1-97 12-1-97 4.50 4.00 4.00 4.00 7 8
50.................................................. 12-1-97 1-1-98 4.50 4.00 4.00 4.00 7 8
51.................................................. 1-1-98 2-1-98 4.25 4.00 4.00 4.00 7 8
52.................................................. 2-1-98 3-1-98 4.25 4.00 4.00 4.00 7 8
53.................................................. 3-1-98 4-1-98 4.25 4.00 4.00 4.00 7 8
54.................................................. 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 8
56.................................................. 6-1-98 7-1-98 4.25 4.00 4.00 4.00 7 8
57.................................................. 7-1-98 8-1-98 4.00 4.00 4.00 4.00 7 8
58.................................................. 8-1-98 9-1-98 4.00 4.00 4.00 4.00 7 8
59.................................................. 9-1-98 10-1-98 4.00 4.00 4.00 4.00 7 8
60.................................................. 10-1-98 11-1-98 4.00 4.00 4.00 4.00 7 8
61.................................................. 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 8
63.................................................. 1-1-99 2-1-99 4.00 4.00 4.00 4.00 7 8
64.................................................. 2-1-99 3-1-99 4.00 4.00 4.00 4.00 7 8
65.................................................. 3-1-99 4-1-99 4.00 4.00 4.00 4.00 7 8
66.................................................. 4-1-99 5-1-99 4.25 4.00 4.00 4.00 7 8
67.................................................. 5-1-99 6-1-99 4.25 4.00 4.00 4.00 7 8
68.................................................. 6-1-99 7-1-99 4.25 4.00 4.00 4.00 7 8
69.................................................. 7-1-99 8-1-99 4.50 4.00 4.00 4.00 7 8
70.................................................. 8-1-99 9-1-99 5.00 4.25 4.00 4.00 7 8
71.................................................. 9-1-99 10-1-99 5.00 4.25 4.00 4.00 7 8
72.................................................. 10-1-99 11-1-99 5.00 4.25 4.00 4.00 7 8
[[Page 816]]
73.................................................. 11-1-99 12-1-99 5.00 4.25 4.00 4.00 7 8
74.................................................. 12-1-99 1-1-00 5.25 4.50 4.00 4.00 7 8
75.................................................. 1-1-00 2-1-00 5.00 4.25 4.00 4.00 7 8
76.................................................. 2-1-00 3-1-00 5.25 4.50 4.00 4.00 7 8
77.................................................. 3-1-00 4-1-00 5.25 4.50 4.00 4.00 7 8
78.................................................. 4-1-00 5-1-00 5.25 4.50 4.00 4.00 7 8
79.................................................. 5-1-00 6-1-00 5.25 4.50 4.00 4.00 7 8
80.................................................. 6-1-00 7-1-00 5.25 4.50 4.00 4.00 7 8
81.................................................. 7-1-00 8-1-00 5.50 4.75 4.00 4.00 7 8
82.................................................. 8-1-00 9-1-00 5.25 4.50 4.00 4.00 7 8
83.................................................. 9-1-00 10-1-00 5.25 4.50 4.00 4.00 7 8
84.................................................. 10-1-00 11-1-00 5.00 4.25 4.00 4.00 7 8
85.................................................. 11-1-00 12-1-00 5.25 4.50 4.00 4.00 7 8
86.................................................. 12-1-00 1-1-01 5.25 4.50 4.00 4.00 7 8
87.................................................. 1-1-01 2-1-01 5.00 4.25 4.00 4.00 7 8
88.................................................. 2-1-01 3-1-01 4.75 4.00 4.00 4.00 7 8
89.................................................. 3-1-01 4-1-01 4.75 4.00 4.00 4.00 7 8
90.................................................. 4-1-01 5-1-01 4.75 4.00 4.00 4.00 7 8
91.................................................. 5-1-01 6-1-01 4.75 4.00 4.00 4.00 7 8
92 6-1-01 7-1-01 5.00 4.25 4.00 4.00 7 8
93.................................................. 7-1-01 8-1-01 5.00 4.25 4.00 4.00 7 8
94.................................................. 8-1-01 9-1-01 4.75 4.00 4.00 4.00 7 8
95.................................................. 9-1-01 10-1-01 4.50 4.00 4.00 4.00 7 8
96.................................................. 10-1-01 11-1-01 4.50 4.00 4.00 4.00 7 8
97.................................................. 11-1-01 12-1-01 4.75 4.00 4.00 4.00 7 8
98.................................................. 12-1-01 1-1-02 4.50 4.00 4.00 4.00 7 8
99.................................................. 1-1-02 2-1-02 4.50 4.00 4.00 4.00 7 8
100................................................. 2-1-02 3-1-02 4.75 4.00 4.00 4.00 7 8
101................................................. 3-1-02 4-1-02 4.50 4.00 4.00 4.00 7 8
102................................................. 4-1-02 5-1-02 4.25 4.00 4.00 4.00 7 8
103................................................. 5-1-02 6-1-02 4.75 4.00 4.00 4.00 7 8
104................................................. 6-1-02 7-1-02 4.50 4.00 4.00 4.00 7 8
105................................................. 7-1-02 8-1-02 4.50 4.00 4.00 4.00 7 8
106................................................. 8-1-02 9-1-02 4.25 4.00 4.00 4.00 7 8
107................................................. 9-1-02 10-1-02 4.25 4.00 4.00 4.00 7 8
108................................................. 10-1-02 11-1-02 4.00 4.00 4.00 4.00 7 8
109................................................. 11-1-02 12-1-02 3.75 4.00 4.00 4.00 7 8
110................................................. 12-1-02 1-1-03 4.00 4.00 4.00 4.00 7 8
111................................................. 1-1-03 2-1-03 4.00 4.00 4.00 4.00 7 8
112................................................. 2-1-03 3-1-03 3.75 4.00 4.00 4.00 7 8
113................................................. 3-1-03 4-1-03 3.75 4.00 4.00 4.00 7 8
114................................................. 4-1-03 5-1-03 3.50 4.00 4.00 4.00 7 8
115................................................. 5-1-03 6-1-03 3.50 4.00 4.00 4.00 7 8
116................................................. 6-1-03 7-1-03 3.50 4.00 4.00 4.00 7 8
117................................................. 7-1-03 8-1-03 3.00 4.00 4.00 4.00 7 8
118................................................. 8-1-03 9-1-03 3.00 4.00 4.00 4.00 7 8
119................................................. 9-1-03 10-1-03 3.50 4.00 4.00 4.00 7 8
120................................................. 10-1-03 11-1-03 3.50 4.00 4.00 4.00 7 8
121................................................. 11-1-03 12-1-03 3.25 4.00 4.00 4.00 7 8
122................................................. 12-1-03 1-1-04 3.25 4.00 4.00 4.00 7 8
123................................................. 1-1-04 2-1-04 3.25 4.00 4.00 4.00 7 8
124 2-1-04 3-1-04 3.25 4.00 4.00 4.00 7 8
125................................................. 3-1-04 4-1-04 3.00 4.00 4.00 4.00 7 8
126................................................. 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 8
129................................................. 7-1-04 8-1-04 3.50 4.00 4.00 4.00 7 8
130................................................. 8-1-04 9-1-04 3.50 4.00 4.00 4.00 7 8
131................................................. 9-1-04 10-1-04 3.25 4.00 4.00 4.00 7 8
132................................................. 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 8
134................................................. 12-1-04 1-1-05 2.75 4.00 4.00 4.00 7 8
135................................................. 1-1-05 2-1-05 3.00 4.00 4.00 4.00 7 8
136................................................. 2-1-05 3-1-05 3.00 4.00 4.00 4.00 7 8
137................................................. 3-1-05 4-1-05 2.75 4.00 4.00 4.00 7 8
138................................................. 4-1-05 5-1-05 2.75 4.00 4.00 4.00 7 8
139................................................. 5-1-05 6-1-05 2.75 4.00 4.00 4.00 7 8
140................................................. 6-1-05 7-1-05 2.50 4.00 4.00 4.00 7 8
141................................................. 7-1-05 8-1-05 2.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
[65 FR 14755, Mar. 17, 2000]
[[Page 817]]
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 Sec. 4022.22(b) to a participant in a plan that terminated
in that year:
------------------------------------------------------------------------
Maximum
guaranteeable
Year monthly
benefit
------------------------------------------------------------------------
1974.................................................... $750.00
1975.................................................... 801.14
1976.................................................... 869.32
1977.................................................... 937.50
1978.................................................... 1,005.68
1979.................................................... 1,073.86
1980.................................................... 1,159.09
1981.................................................... 1,261.36
1982.................................................... 1,380.68
1983.................................................... 1,517.05
1984.................................................... 1,602.27
1985.................................................... 1,687.50
1986.................................................... 1,789.77
1987.................................................... 1,857.95
1988.................................................... 1,909.09
1989.................................................... 2,028.41
1990.................................................... 2,164.77
1991.................................................... 2,250.00
1992.................................................... 2,352.27
1993.................................................... 2,437.50
1994.................................................... 2,556.82
1995.................................................... 2,573.86
1996.................................................... 2,642.05
1997.................................................... 2,761.36
1998.................................................... 2,880.68
1999.................................................... 3,051.14
2000.................................................... 3,221.59
2001.................................................... 3,392.05
2002.................................................... 3,579.55
2003.................................................... 3,664.77
2004.................................................... 3,698.86
2005.................................................... $3,801.14
------------------------------------------------------------------------
[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]