Trivia to Remember

 

Given below are some useful interest rates for the recent 14 months.

 

(1)

PBGC

Immediate

Annuity Rates

(2)

Interest

for

PBGC Variable

Premiums

(3)

Interest for

Current

Liability

(4)

Interest for

Late

Quarterly

Contributions

(5)

Interest for

Accumulating

Employee

Contributions

 

DATAIR's

Code

   

90%

(Min)

110%

(Max)

175% AFR

120% AFR

Jan '96

4

4.50

4.85

6.35

7.76

10.13

6.89

Feb ‘96

3

4.25

4.84

6.31

7.71

9.91

6.75

Mar ‘96

3

4.25

4.99

6.28

7.67

9.64

6.56

Apr ‘96

5

4.75

5.28

6.26

7.65

10.31

7.08

May ‘96

6

5.00

5.43

6.24

7.63

11.26

7.65

June ‘96

6

5.00

5.54

6.23

7.61

11.66

7.93

July ‘96

6

5.00

5.65

6.23

7.61

11.94

8.12

Aug ‘96

7

5.25

5.62

6.22

7.61

12.13

8.24

Sept ‘96

7

5.25

5.47

6.22

7.60

11.76

7.99

Oct ‘96

7

5.25

5.62

6.22

7.61

11.90

8.09

Nov ‘96

6

5.00

5.45

6.22

7.60

11.68

7.94

Dec ‘96

5

4.75

5.18

6.20

7.58

11.17

7.59

Jan ‘97

4

4.50

5.24

6.19

7.57

10.80

7.34

Feb ‘97

5

4.75

5.46

6.19

7.57

11.29

7.00

 

Column (1) is the rate set to be used in plan terminations.

Column (2) is the interest rate to be used in calculating the present value of vested benefits. This amount is needed to determine the PBGC variable premium.

Column (3) is the range for OBRA ’87 current liability purposes.

Column (4) is the interest rate to be used in calculating late charges for missed quarterly contributions.

Column (5) is interest rate used for accumulating employee contributions in Defined Benefit Plans.

 

For current rates, see: http://www.bog.frb.fed.us/releases/h15/current/

 

 

Calendar

Year

DB

415(b)(1)(A)

DC

415(c)(1)(A)

Maximum Deferral

401(k)/

402(g)(1)

Elective

Deferral

403(b)

Highly Compensated

Definition Limits

Under IRC 414(q)

(1)(B) (1)(C) (1)(D)

Annual

Comp Limit 401(a)(17)

& 404(l) &

408(k)(3)(C)

Excess

Distribution

Threshold

1987

90,000

30,000

7,000

75,000

50,000

45,000

112,500

1988

94,023

30,000

7,313

78,353

52,235

47,012

117,529

1989

98,064

30,000

7,627

9,500

81,720

54,480

49,032

200,000

122,580

1990

102,582

30,000

7,979

9,500

85,485

56,990

51,291

209,200

128,228

1991

108,963

30,000

8,475

9,500

90,803

60,535

54,482

222,220

136,204

1992

112,221

30,000

8,728

9,500

93,518

62,345

56,110

228,860

140,276

1993

115,641

30,000

8,994

9,500

96,368

64,245

57,820

235,840

144,551

1994

118,800

30,000

9,240

9,500

99,000

66,000

59,400

150,000

148,500

1995

120,000

30,000

9,240

9,500

100,000

66,000

60,000

150,000

150,000

1996

120,000

30,000

9,500

9,500

100,000

66,000

60,000

150,000

155,000

1997

125,000

30,000

9,500

9,500

80,000

160,000

160,000

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