ERISA section 4006 provides that interest on late PBGC premiums accrue at the rate imposed under section 6601(a) of the Code (the rate for late payment of taxes), compounded daily. These rates are published by the IRS and are subject to change quarterly.
The same rates are also used to compute certain interest charges applicable when PBGC trustees a plan (e.g., interest on required contributions unpaid as of the termination date).
NOTE:
- In addition to interest charges on late premium payments, penalty charges may also apply. See our Late Payment Charges web page for more information.
- Prior to 1983, simple interest applied.
- Prior to 1987, IRS published these rates less frequently than quarterly.
2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | Dec. 1987 - Jan. 1986 | 1985 | Dec. 1984 - Jan. 1983 | Feb. - Dec. 1982 | Jan. 1982 - Feb. 1980 | Jan. 1980 - Feb. 1978 | Jan. 1978 - Feb. 1976 | Jan. 1976 - July 1975 | June 1975 - Sept. 1974
2025
| Time Period |
Interest Rate |
| Jan. 1, 2025 thru Mar. 31, 2025 |
7% |
| Apr. 1, 2025 thru June 30, 2025 |
|
| July 1, 2025 thru Sep. 30, 2025 |
|
| Oct. 1, 2025 thru Dec. 31, 2025 |
|
2024
| Time Period |
Interest Rate |
| Jan. 1, 2024 thru Mar. 31, 2024 |
8% |
| Apr. 1, 2024 thru June 30, 2024 |
8% |
| July 1, 2024 thru Sep. 30, 2024 |
8% |
| Oct. 1, 2024 thru Dec. 31, 2024 |
8% |
2023
| Time Period |
Interest Rate |
| Jan. 1, 2023 thru Mar. 31, 2023 |
7% |
| Apr. 1, 2023 thru June 30, 2023 |
7% |
| July 1, 2023 thru Sep. 30, 2023 |
7% |
| Oct. 1, 2023 thru Dec. 31, 2023 |
8% |
2022
| Time Period |
Interest Rate |
| Jan. 1, 2022 thru Mar. 31, 2022 |
3% |
| Apr. 1, 2022 thru June 30, 2022 |
4% |
| July 1, 2022 thru Sep. 30, 2022 |
5% |
| Oct. 1, 2022 thru Dec. 31, 2022 |
6% |
2021
| Time Period |
Interest Rate |
| Jan. 1, 2021 thru Mar. 31, 2021 |
3% |
| Apr. 1, 2021 thru June 30, 2021 |
3% |
| July 1, 2021 thru Sep. 30, 2021 |
3% |
| Oct. 1, 2021 thru Dec. 31, 2021 |
3% |
2020
| Time Period |
Interest Rate |
| Jan. 1, 2020 thru Mar. 31, 2020 |
5% |
| Apr. 1, 2020 thru June 30, 2020 |
5% |
| July 1, 2020 thru Sep. 30, 2020 |
3% |
| Oct. 1, 2020 thru Dec. 31, 2020 |
3% |
| Time Period |
Interest Rate |
| Jan. 1, 2019 thru Mar. 31, 2019 |
6% |
| Apr. 1, 2019 thru June 30, 2019 |
6% |
| July 1, 2019 thru Sep. 30, 2019 |
5% |
| Oct. 1, 2019 thru Dec. 31, 2019 |
5% |
| Time Period |
Interest Rate |
| Jan. 1, 2018 thru Mar. 31, 2018 |
4% |
| Apr. 1, 2018 thru June 30, 2018 |
5% |
| July 1, 2018 thru Sep. 30, 2018 |
5% |
| Oct. 1, 2018 thru Dec. 31, 2018 |
5% |
| Time Period |
Interest Rate |
| Jan. 1, 2017 thru Mar. 31, 2017 |
4% |
| Apr. 1, 2017 thru June 30, 2017 |
4% |
| July 1, 2017 thru Sep. 30, 2017 |
4% |
| Oct. 1, 2017 thru Dec. 31, 2017 |
4% |
2016
| Time Period |
Interest Rate |
| Jan. 1, 2016 thru Mar. 31, 2016 |
3% |
| Apr. 1, 2016 thru June 30, 2016 |
4% |
| July 1, 2016 thru Sep. 30, 2016 |
4% |
| Oct. 1, 2016 thru Dec. 31, 2016 |
4% |
2015
| Time Period |
Interest Rate |
| Jan. 1, 2015 thru Mar. 31, 2015 |
3% |
| Apr. 1, 2015 thru June 30, 2015 |
3% |
| July 1, 2015 thru Sep. 30, 2015 |
3% |
| Oct. 1, 2015 thru Dec. 31, 2015 |
3% |
2014
| Time Period |
Interest Rate |
| Jan. 1, 2014 thru Mar. 31, 2014 |
3% |
| Apr. 1, 2014 thru June 30, 2014 |
3% |
| Jul. 1, 2014 thru Sep. 30, 2014 |
3% |
| Oct. 1, 2014 thru Dec. 31, 2014 |
3% |
2013
| Time Period |
Interest Rate |
| Jan. 1, 2013 thru Mar. 31, 2013 |
3% |
| Apr. 1, 2013 thru June 30, 2013 |
3% |
| Jul. 1, 2013 thru Sep. 30, 2013 |
3% |
| Oct. 1, 2013 thru Dec. 31, 2013 |
3% |
2012
| Time Period |
Interest Rate |
| Jan. 1, 2012 thru Mar. 31, 2012 |
3% |
| Apr. 1, 2012 thru June 30, 2012 |
3% |
| Jul. 1, 2012 thru Sep. 30, 2012 |
3% |
| Oct. 1, 2012 thru Dec. 31, 2012 |
3% |
2011
| Time Period |
Interest Rate |
| Jan. 1, 2011 thru Mar. 31, 2011 |
3% |
| Apr. 1, 2011 thru June 30, 2011 |
4% |
| Jul. 1, 2011 thru Sep. 30, 2011 |
4% |
| Oct. 1, 2011 thru Dec. 31, 2011 |
3% |
2010
| Time Period |
Interest Rate |
| Jan. 1, 2010 thru Mar. 31, 2010 |
4% |
| Apr. 1, 2010 thru June 30, 2010 |
4% |
| Jul. 1, 2010 thru Sep. 30, 2010 |
4% |
| Oct. 1, 2010 thru Dec. 31, 2010 |
4% |
2009
| Time Period |
Interest Rate |
| Jan. 1, 2009 thru Mar. 31, 2009 |
5% |
| Apr. 1, 2009 thru June 30, 2009 |
4% |
| Jul. 1, 2009 thru Sep. 30, 2009 |
4% |
| Oct. 1, 2009 thru Dec. 31, 2009 |
4% |
2008
| Time Period |
Interest Rate |
| Jan. 1, 2008 thru Mar. 31, 2008 |
7% |
| Apr. 1, 2008 thru June 30, 2008 |
6% |
| Jul. 1, 2008 thru Sep. 30, 2008 |
5% |
| Oct. 1, 2008 thru Dec. 31, 2008 |
6% |
2007
| Time Period |
Interest Rate |
| Jan. 1, 2007 thru Mar. 31, 2007 |
8% |
| Apr. 1, 2007 thru June 30, 2007 |
8% |
| Jul. 1, 2007 thru Sep. 30, 2007 |
8% |
| Oct. 1, 2007 thru Dec. 31, 2007 |
8% |
2006
| Time Period |
Interest Rate |
| Jan. 1, 2006 thru Mar. 31, 2006 |
7% |
| Apr. 1, 2006 thru June 30, 2006 |
7% |
| Jul. 1, 2006 thru Sep. 30, 2006 |
8% |
| Oct. 1, 2006 thru Dec. 31, 2006 |
8% |
2005
| Time Period |
Interest Rate |
| Jan. 1, 2005 thru Mar. 31, 2005 |
5% |
| Apr. 1, 2005 thru June 30, 2005 |
6% |
| Jul. 1, 2005 thru Sep. 30, 2005 |
6% |
| Oct. 1, 2005 thru Dec. 31, 2005 |
7% |
2004
| Time Period |
Interest Rate |
| Jan. 1, 2004 thru Mar. 31, 2004 |
4% |
| Apr. 1, 2004 thru June 30, 2004 |
5% |
| Jul. 1, 2004 thru Sep. 30, 2004 |
4% |
| Oct. 1, 2004 thru Dec. 31, 2004 |
5% |
2003
| Time Period |
Interest Rate |
| Jan. 1, 2003 thru Mar. 31, 2003 |
5% |
| Apr. 1, 2003 thru June 30, 2003 |
5% |
| Jul. 1, 2003 thru Sep. 30, 2003 |
5% |
| Oct. 1, 2003 thru Dec. 31, 2003 |
4% |
2002
| Time Period |
Interest Rate |
| Jan. 1, 2002 thru Mar. 31, 2002 |
6% |
| Apr. 1, 2002 thru June 30, 2002 |
6% |
| Jul. 1, 2002 thru Sep. 30, 2002 |
6% |
| Oct. 1, 2002 thru Dec. 31, 2002 |
6% |
2001
| Time Period |
Interest Rate |
| Jan. 1, 2001 thru Mar. 31, 2001 |
9% |
| Apr. 1, 2001 thru Jun. 30, 2001 |
8% |
| Jul. 1, 2001 thru Sep. 30, 2001 |
7% |
| Oct. 1, 2001 thru Dec. 31, 2001 |
7% |
2000
| Time Period |
Interest Rate |
| Jan. 1, 2000 thru Mar. 31, 2000 |
8% |
| Apr. 1, 2000 thru Jun. 30, 2000 |
9% |
| July 1, 2000 thru Sep. 30, 2000 |
9% |
| Oct. 1, 2000 thru Dec. 31, 2000 |
9% |
1999
| Time Period |
Interest Rate |
| Jan. 1, 1999 thru Mar. 31, 1999 |
7% |
| Apr. 1, 1999 thru Jun. 30, 1999 |
8% |
| Jul. 1, 1999 thru Sep. 30, 1999 |
8% |
| Oct. 1, 1999 thru Dec. 31, 1999 |
8% |
1998
| Time Period |
Interest Rate |
| Jan. 1, 1998 thru Mar. 31, 1998 |
9% |
| Apr. 1, 1998 thru June 30, 1998 |
8% |
| July 1, 1998 thru Sept. 30, 1998 |
8% |
| Oct. 1, 1998 thru Dec. 31, 1998 |
8% |
1997
| Time Period |
Interest Rate |
| Jan. 1, 1997 thru Mar. 31, 1997 |
9% |
| Apr. 1, 1997 thru June 30, 1997 |
9% |
| July 1, 1997 thru Sep. 30, 1997 |
9% |
| Oct. 1, 1997 thru Dec. 31, 1997 |
9% |
1996
| Time Period |
Interest Rate |
| Jan. 1, 1996 thru Mar. 31, 1996 |
9% |
| Apr. 1, 1996 thru June 30, 1996 |
8% |
| July 1, 1996 thru Sep. 30, 1996 |
9% |
| Oct. 1, 1996 thru Dec. 31, 1996 |
9% |
1995
| Time Period |
Interest Rate |
| Jan. 1, 1995 thru Mar. 31, 1995 |
9% |
| Apr. 1, 1995 thru June 30, 1995 |
10% |
| July 1, 1995 thru Sep. 30, 1995 |
9% |
| Oct. 1, 1995 thru Dec. 31, 1995 |
9% |
1994
| Time Period |
Interest Rate |
| Jan. 1, 1994 thru Mar. 31, 1994 |
7% |
| Apr. 1, 1994 thru June 30, 1994 |
7% |
| July 1, 1994 thru Sep. 30, 1994 |
8% |
| Oct. 1, 1994 thru Dec. 31, 1994 |
9% |
1993
| Time Period |
Interest Rate |
| Jan. 1, 1993 thru Mar. 31, 1993 |
7% |
| Apr. 1, 1993 thru June 30, 1993 |
7% |
| July 1, 1993 thru Sep. 30, 1993 |
7% |
| Oct. 1, 1993 thru Dec. 31, 1993 |
7% |
1992
| Time Period |
Interest Rate |
| Jan. 1, 1992 thru Mar. 31, 1992 |
9% |
| Apr. 1, 1992 thru June 30, 1992 |
8% |
| July 1, 1992 thru Sep. 30, 1992 |
8% |
| Oct. 1, 1992 thru Dec. 31, 1992 |
7% |
1991
| Time Period |
Interest Rate |
| Jan. 1, 1991 thru Mar. 31, 1991 |
11% |
| Apr. 1, 1991 thru June 30, 1991 |
10% |
| July 1, 1991 thru Sep. 30, 1991 |
10% |
| Oct. 1, 1991 thru Dec. 31, 1991 |
10% |
1990
| Time Period |
Interest Rate |
| Jan. 1, 1990 thru Mar. 31, 1990 |
11% |
| Apr. 1, 1990 thru June 30, 1990 |
11% |
| July 1, 1990 thru Sep. 30, 1990 |
11% |
| Oct. 1, 1990 thru Dec. 31, 1990 |
11% |
1989
| Time Period |
Interest Rate |
| Jan. 1, 1989 thru Mar. 31, 1989 |
11% |
| Apr. 1, 1989 thru June 30, 1989 |
12% |
| July 1, 1989 thru Sep. 30, 1989 |
12% |
| Oct. 1, 1989 thru Dec. 31, 1989 |
11% |
1988
| Time Period |
Interest Rate |
| Jan. 1, 1988 thru Mar. 31, 1988 |
11% |
| Apr. 1, 1988 thru June 30, 1988 |
10% |
| July 1, 1988 thru Sep. 30, 1988 |
10% |
| Oct. 1, 1988 thru Dec. 31, 1988 |
11% |
Dec. 1987 - Jan. 1986
| Time Period |
Interest Rate |
| Jan. 1, 1986 thru June 30, 1986 |
10% |
| July 1, 1986 thru Sep. 30, 1987 |
9% |
| Oct. 1, 1987 thru Dec. 31, 1987 |
10% |
1985
| Time Period |
Interest Rate |
| Jan. 1, 1985 thru June 30, 1985 |
13% |
| July 1, 1985 thru Dec. 31, 1985 |
11% |
Dec. 1984 - Jan. 1983
| Time Period |
Interest Rate |
| July 1, 1983 thru Dec. 31, 1984 |
11% |
| Jan. 1, 1983 thru June 30, 1983 |
16% |
Feb. - Dec. 1982
| Time Period |
Interest Rate |
| Feb. 1, 1982 thru Dec. 31, 1982 |
20% |
Jan. 1982 - Feb. 1980
| Time Period |
Interest Rate |
| Feb. 1, 1980 thru Jan. 31, 1982 |
12% |
Jan. 1980 - Feb. 1978
| Time Period |
Interest Rate |
| Feb. 1, 1978 thru Jan. 31, 1980 |
6% |
Jan. 1978 - Feb. 1976
| Time Period |
Interest Rate |
| Feb. 1, 1976 thru Jan. 31, 1978 |
7% |
Jan. 1976 - July 1975
| Time Period |
Interest Rate |
| July 1, 1975 thru Jan. 31, 1976 |
9% |
June 1975 - Sept. 1974
| Time Period |
Interest Rate |
| Sept.2, 1974 thru June 30, 1975 |
6% |
