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Valuing lump sums

The immediate and deferred interest rates are used to determine the amount of lump-sum benefits paid by PBGC under plans that PBGC trustees. (Some other plans use these rates to determine and pay lump-sum benefits.)

2008 |2007 |2006 |2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993

2008

Valuation Date

Immediate

Deferred Annuities

On or After

Before

Rate

i1

i2

i3

n1

n2

1-1-08

2-1-08

3.00

4.00

4.00

4.00

7

8

2-1-08

3-1-08

3.25

4.00

4.00

4.00

7

8

3-1-08

4-1-08

3.00

4.00

4.00

4.00

7

8

4-1-08

5-1-08

3.25

4.00

4.00

4.00

7

8

5-1-08

6-1-08

3.25

4.00

4.00

4.00

7

8

6-1-08

7-1-08

3.25

4.00

4.00

4.00

7

8

7-1-08

8-1-08

3.50

4.00

4.00

4.00

7

8

8-1-08

9-1-08

3.25

4.00

4.00

4.00

7

8

^ Top

2007

Valuation Date

Immediate

Deferred Annuities

On or After

Before

Rate

i1

i2

i3

n1

n2

1-1-07

2-1-07

2.75

4.00

4.00

4.00

7

8

2-1-07

3-1-07

3.00

4.00

4.00

4.00

7

8

3-1-07

4-1-07

3.00

4.00

4.00

4.00

7

8

4-1-07

5-1-07

2.75

4.00

4.00

4.00

7

8

5-1-07

6-1-07

3.00

4.00

4.00

4.00

7

8

6-1-07

7-1-07

3.00

4.00

4.00

4.00

7

8

7-1-07

8-1-07

3.25

4.00

4.00

4.00

7

8

8-1-07

9-1-07

3.50

4.00

4.00

4.00

7

8

9-1-07

10-1-07

3.25

4.00

4.00

4.00

7

8

10-1-07

11-1-07

3.25

4.00

4.00

4.00

7

8

11-1-07

12-1-07

3.25

4.00

4.00

4.00

7

8

12-1-07

1-1-08

3.00

4.00

4.00

4.00

7

8

^ Top

2006

Valuation Date

Immediate

Deferred Annuities

On or After

Before

Rate

i1

i2

i3

n1

n2

1-1-06

2-1-06

2.75

4.00

4.00

4.00

7

8

2-1-06

3-1-06

2.75

4.00

4.00

4.00

7

8

3-1-06

4-1-06

2.75

4.00

4.00

4.00

7

8

4-1-06

5-1-06

2.75

4.00

4.00

4.00

7

8

5-1-06

6-1-06

3.00

4.00

4.00

4.00

7

8

6-1-06

7-1-06

3.25

4.00

4.00

4.00

7

8

7-1-06

8-1-06

3.50

4.00

4.00

4.00

7

8

8-1-06

9-1-06

3.50

4.00

4.00

4.00

7

8

9-1-06

10-1-06

3.25

4.00

4.00

4.00

7

8

10-1-06

11-1-06

3.00

4.00

4.00

4.00

7

8

11-1-06

12-1-06

2.75

4.00

4.00

4.00

7

8

12-1-06

1-1-07

3.00

4.00

4.00

4.00

7

8

^ Top

2005

Valuation Date

Immediate

Deferred Annuities

On or After

Before

Rate

i1

i2

i3

n1

n2

1-1-05

2-1-05

3.00

4.00

4.00

4.00

7

8

2-1-05

3-1-05

3.00

4.00

4.00

4.00

7

8

3-1-05

4-1-05

2.75

4.00

4.00

4.00

7

8

4-1-05

5-1-05

2.75

4.00

4.00

4.00

7

8

5-1-05

6-1-05

2.75

4.00

4.00

4.00

7

8

6-1-05

7-1-05

2.50

4.00

4.00

4.00

7

8

7-1-05

8-1-05

2.50

4.00

4.00

4.00

7

8

8-1-05

9-1-05

2.25

4.00

4.00

4.00

7

8

9-1-05

10-1-05

2.50

4.00

4.00

4.00

7

8

10-1-05

11-1-05

2.25

4.00

4.00

4.00

7

8

11-1-05

12-1-05

2.50

4.00

4.00

4.00

7

8

12-1-05

1-1-06

2.75

4.00

4.00

4.00

7

8

^ Top

2004

Valuation Date

Immediate

Deferred Annuities

On or After

Before

Rate

i1

i2

i3

n1

n2

1-1-04

2-1-04

3.25

4.00

4.00

4.00

7

8

2-1-04

3-1-04