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 Rates & Limits
 1996-1999
Treasury & PBGC Rates: 1996-1999

Revised August 09, 2021


Month Yr

 (1)
30
Year
Treasury
Rates

 		 (2)
for
Interest
PBGC
Variable
Premium		 (3)
PBGC
Immediate
Annuity
Rates
with
DATAIR’s
Code		 (4)
Interest for
Current
Liability		 (5)
RPA
1994
Max.
Rate

1996 108%
1997 107%
1998 106%
1999 105%

(6)
Interest for
Late
Quarterly
Contributions

175% AFR

(7)
Interest for
Accumulating
Employee
Contributions

120% AFR
.90%
(Min)		 Mid
Point		 110%
(Max)
1 9 9 9
Dec 99 6.35 5.23 5.25 (7) 5.40 6.00 6.60 6.30 10.98 7.46
Nov 99 6.15 5.32 5.00 (6) 5.39 5.99 6.59 6.29 10.75 7.32
Oct 99 6.26 5.16 5.00 (6) 5.39 5.99 6.59 6.29 10.65 7.25
Sept 99 6.07 5.16 5.00 (6) 5.40 6.00 6.60 6.30 10.58 7.19
Aug 99 6.07 5.08 5.00 (6) 5.41 6.01 6.61 6.31 10.53 7.16
July 99 5.98 5.13 4.50 (4) 5.42 6.03 6.63 6.33 10.30 7.01
June 99 6.04 4.94 4.25 (3) 5.44 6.04 6.65 6.34 9.50 6.46
May 99 5.81 4.72 4.25 (3) 5.46 6.07 6.68 6.38 9.21 6.28
Apr 99 5.55 4.74 4.25 (3) 5.50 6.11 6.72 6.42 9.33 6.35
Mar 99 5.58 4.56 4.00 (2) 5.54 6.15 6.77 6.46 8.52 5.80
Feb 99 5.37 4.39 4.00 (2) 5.57 6.19 6.81 6.50 8.33 5.67
Jan 99 5.16 4.30 4.00 (2) 5.62 6.24 6.87 6.55 8.19 5.59
1 9 9 8
Dec 98 5.06 4.46 4.00 (2) 5.66 6.29 6.92 6.67 7.97 5.43
Nov 98 5.25 4.26 3.75 (Z) 5.71 6.34 6.98 6.72 7.96 5.42
Oct 98 5.01 4.42 4.00 (2) 5.76 6.40 7.05 6.79 9.06 6.16
Sept 98 5.20 4.71 4.00 (2) 5.82 6.46 7.11 6.85 9.80 6.67
Aug 98 5.54 4.83 4.00 (2) 5.86 6.51 7.16 6.90 9.84 6.70
July 98 5.68 4.85 4.00 (2) 5.90 6.55 7.21 6.95 10.04 6.83
June 98 5.70 5.04 4.25 (3) 5.93 6.59 7.25 6.99 10.21 6.95
May 98 5.93 5.03 4.25 (3) 5.97 6.63 7.29 7.03 10.06 6.84
Apr 98 5.92 5.06 4.25 (3) 6.00 6.67 7.34 7.07 10.08 6.85
Mar 98 5.95 5.01 4.25 (3) 6.04 6.71 7.38 7.11 9.87 6.72
Feb 98 5.89 4.94 4.25 (3) 6.06 6.73 7.41 7.14 10.06 6.84
Jan 98 5.81 5.09 4.25 (3) 6.09 6.77 7.44 7.17 10.48 7.13
1 9 9 7
Dec 97 5.99 5.19 4.50 (4) 6.11 6.79 7.47 7.26 10.65 7.25
Nov 97 6.11 5.38 4.50 (4) 6.13 6.81 7.49 7.29 10.80 7.34
Oct 97

6.33

 5.53

4.75 (5)

 6.14 6.83 7.51 7.30

11.22

7.34
Sept 97

6.50

5.59

4.50 (4)

6.15

6.84

7.52

7.31

11.04

7.51
Aug 97

6.58

5.53

4.75 (5)

6.16

6.85

7.53

7.33

11.31

7.69
July 97

6.51

5.75

5.25 (7)

6.18

6.86

7.55

7.34

11.78

8.00
June 97

6.77

5.55

5.25 (7)

6.18

6.87

7.56

7.35

12.05

8.19
May 97

6.94

5.67

5.00 (6)

6.19

6.87

7.56

7.35

12.15

8.25
Apr 97

7.09

5.54

4.75 (5)

6.18

6.87

7.56

7.35

11.49

7.82
Mar 97

6.93

5.35

5.00 (6)

6.18

6.87

7.56

7.35

11.37

7.72
Feb 97

6.69

5.46

4.75 (5)

6.19

6.88

7.57

7.36

11.29

7.68
Jan 97

6.83

5.24

4.50 (4)

6.19

6.88

7.57

7.36

10.80

7.34
1 9 9 6
Dec 96

6.55

5.18

4.75 (5)

6.20

6.89

7.58

7.44

11.17

7.59
Nov 96

6.48

5.45

5.00 (6)

6.22

6.91

7.60

7.46

11.68

7.94
Oct 96

6.81

5.62

5.25 (7)

6.22

6.91

7.61

7.47

11.90

8.09
Sept 96

7.03

5.47

5.25 (7)

6.22

6.91

7.60

7.46

11.76

7.99
Aug 96

6.84

5.62

5.25 (7)

6.22

6.92

7.61

7.47

12.13

8.24

Column (1) is the interest rate to be used for 415/417(e) purposes.
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 30 Year Treasury Rate. See note below for 2002.
Column (3) is the rate set to be used in plan termination’s
Column (4) is the range for OBRA ’87 current liability purposes.
Column (5) is 108% of midpoint for 1996, 107% for 1997, 106% for 1998, and 105% for 1999-2001, and 120% for 2002 and 2003, and 105% for 2004. See note below for 2002.
Column (6) is the interest rate to be used in calculating late charges for missed quarterly contributions.
Column (7) is interest rate used for accumulating employee contributions in Defined Benefit Plans.

Note: Due to the Job Creation and Worker Assistance Act  (JCWAA) of 2002, the Interest for PBGC Variable Premium is 100% of the 30 Year Treasury rate, and the maximum RPA rate is 120% of the mid-point for 2002 and 2003. As a result the January and February 2002 rates have been corrected to reflect this legislation. The rates beginning Jan 2004 have been revised due to the Pension Funding Equity Act of 2004.

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