IRS/PBGC Rates & Limits

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Rates & Limits

Rates & Limits

Revised May 06, 2008

Quick reference to current and historical IRS limits, PBGC rates,
and links to other sources of rate information

Monthly Treasury & PBGC Interest Rates (2007)
Monthly Treasury & PBGC Interest Rates (2000-2006)
Monthly Treasury & PBGC Interest Rates (1996-1999)

Annual Dollar Limits for 1987 through 2008

Download the latest rate files for PE & PT

Covered Compensation Tables

2008
2007
2006
2005

2004
2003
2002
2001

2000
1999
1998
1997

Treasury and PBGC Interest Rates

Month Yr	(1) 30 Year Treasury Rates	Composite Corporate Bond Rate	(2) Interest for PBGC Variable Premium	(3) PBGC Immediate Annuity Rates with DATAIR’s Code	(4) IRC 430(h) Funding Segment Rates			(5) IRC 430(h) Funding Segment Rates Transitional			(6) IRC 417(e) Segment Rates Transitional			( ) PBGC Segment Rates			(7) Weighted Bond Interest Rates		(8) Int. for Late Quarterly Contrib. 175% AFR	(9) Int. for Accum. Employee Contrib. 120% AFR
Month Yr	(1) 30 Year Treasury Rates	Composite Corporate Bond Rate	(2) Interest for PBGC Variable Premium	(3) PBGC Immediate Annuity Rates with DATAIR’s Code	1st	2nd	3rd	1st	2nd	3rd	1st	2nd	3rd	1st	2nd	3rd	90%	100%	(8) Int. for Late Quarterly Contrib. 175% AFR	(9) Int. for Accum. Employee Contrib. 120% AFR
2 0 0 8
Jun 08
May 08					5.16	6.00	6.53	5.72	6.00	6.18							5.40	6.00	4.82	3.29
Apr 08	4.44	6.45			5.20	5.99	6.52	5.73	5.99	6.17	4.47	4.81	4.94	4.60	6.28	6.96	5.39	5.99	5.05	3.45
Mar 08	4.39	6.46			5.24	5.97	6.49	5.72	5.96	6.14	4.37	4.79	4.91	4.28	6.38	6.99	5.36	5.96	5.23	3.57
Feb 08	4.52	6.36		3.25 (X)	5.28	5.95	6.45	5.72	5.94	6.11	4.44	4.85	5.03	4.11	6.18	7.05	5.34	5.94	6.18	4.22
Jan 08	4.33	6.16		3.00 (W)	5.31	5.92	6.43	5.72	5.92	6.09	4.34	4.67	4.81	4.39	6.01	6.72	5.33	5.92	6.31	4.31
2 0 0 7
Dec 07	4.53	6.28		3.00 (W)	5.31	5.90	6.41	5.70	5.90	6.07	4.61	4.85	4.96	4.93	6.13	6.69	5.31	5.90	7.29	4.97
Nov 07	4.52	6.14	6.14	3.25 (X)	5.31	5.88	6.40	5.70	5.89	6.06	4.60	4.82	4.91	4.92	6.02	6.47	5.30	5.89	7.74	5.28
Oct 07	4.77	6.14	6.23	3.25 (X)	5.29	5.86	6.40	5.68	5.87	6.05	4.85	5.02	5.09	5.17	6.02	6.38	5.29	5.88	7.67	5.23
Sep 07	4.79	6.23	6.33	3.25 (X)	5.26	5.82	6.38	5.66	5.85	6.03	4.89	5.06	5.14	5.28	6.12	6.55	5.27	5.86	8.45	5.76
Aug 07	4.93	6.33	6.33	3.50 (Y)							5.02	5.18	5.28	5.40	6.20	6.66	5.26	5.84	8.99	6.13
Jul 07	5.11	6.33	6.32	3.25 (X)													5.25	5.83	8.74	5.96
Jun 07	5.20	6.32	6.01	3.00 (W)													5.23	5.81	8.19	5.59
May 07	4.90	6.01	5.98	3.00 (W)													5.22	5.80	8.16	5.56
Apr 07	4.87	5.98	5.84	2.75 (V)			Not Published										5.22	5.80	8.14	5.54
Mar 07	4.72	5.84	5.85	3.00 (W)													5.22	5.80	8.58	5.84
Feb 07	4.82	5.85	5.89	3.00 (W)													5.21	5.79	8.28	5.65
Jan 07	4.85	5.89	5.75	2.75 (V)													5.21	5.78	8.09	5.51
Click here for previous years

Column (1) is the interest rate to be used for 415/417(e) purposes for plan years beginning prior to 1/1/2008.
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. Effective 1/2004, this rate is 85% of the Composite Corporate Bond Rate.
Column (3) is the rate set to be used in plan terminations.
Column (4) are IRC 430(h)(2)(C) interest rates for funding for valuations beginning 1/1/2008 and later.
Column (5) are IRC 430(h)(2)(G) transitional interest rates for funding for valuation beginning 1/1/2008 and later.
Column (6) are IRC 417(e) minimum present value segment rates for plan years beginning 1/1/2008 and later.
Column (7) shows the range of interest rates for Current Liability to be used for 2004 and 2005 Plan years and
optionally for 2001, 2002 and 2003 plan years.
Column (8) is the interest rate to be used in calculating late charges for missed quarterly contributions.
Column (9) is interest rate used for accumulating employee contributions in Defined Benefit Plans.

Note: Column (2), Interest Rate for PBGC Variable Premium will cease to be used for 1/1/2008 and later plan years. See PBGC

Comprehensive Premium Payment Instructions for rates and options for 2008 Premium Payment years.

Current Weighted Average Interest Rate Table: http://www.irs.gov/retirement/article/0,,id=96450,00.html
Current and historical Composite Corporate Bond Rate Table: http://www.irs.gov/retirement/article/0,,id=123229,00.html
Current and historical AFR rates: http://www.irs.ustreas.gov/taxpros/lists/0,,id=98042,00.html
Pension Benefit Guaranty Corporation's Interest Rate Updates: http://www.pbgc.gov/practitioners/interest-rates/content/index.html

Questions or comments about any of the numbers? Ask Sue