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Pension Resource

29 C.F.R. § 4281.13

Benefit valuation methods—in general.
CFR 1998 annual edition (revised as of 1998-07-01) · superseded Jul 1, 1999
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(a) General rule. Except as otherwise provided in paragraph (b) of this section (regarding the valuation of benefits payable as lump sums under trusteed plans) and § 4281.16 (regarding plans that are closing out), the plan sponsor shall value benefits as of the valuation date by—
(1) Using the interest assumptions described in Table I of appendix B to part 4044 of this chapter;
(2) Using the mortality assumptions described in § 4281.14;
(3) Using interpolation methods, where necessary, at least as accurate as linear interpolation;
(4) Applying valuation formulas that accord with generally accepted actuarial principles and practices; and
(5) Adjusting the values to reflect the loading for expenses in accordance with appendix C to part 4044 of this chapter (substituting the term “benefits” for the term “benefit liabilities (as defined in 29 U.S.C. § 1301(a)(16))”).
(b) Benefits payable as lump sums under trusteed plans. If the PBGC is trustee of a multiemployer plan, for determining whether the value of a benefit is $3,500 or less under § 4022.7(b)(1) and for calculating the amount of a lump sum benefit, the PBGC shall value benefits to be paid as lump sums in the same manner as benefits to be paid as annuities except that the interest assumptions prescribed by Table II of appendix B to part 4044 of this chapter and the mortality assumptions prescribed by § 4281.15 shall apply, and there shall be no adjustment to reflect the loading for expenses.
29 C.F.R. § 4281.13 — Benefit valuation methods—in general. · CFR 1998 annual edition (revised as of 1998-07-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4281.13&asof=1997-07-01 · printed Oct 16, 2026
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  • (a) (a) General rule. Except as otherwise provided in paragraph…
  • (b) (b) Benefits payable as lump sums under trusteed plans. If …
Implements
ERISA § 4281 (29 U.S.C. § 1441) Benefits under certain terminated plans
Cited by (code & regs)
Guidance addressing this section

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Also cited in 9 other documents
PBGC
Final Rules
  • 90 FR 39320 Aug 15, 2025 — Miscellaneous Corrections, Clarifications, and Improvements (e)
  • 89 FR 48291 Jun 6, 2024 — Valuation Assumptions and Methods
  • 86 FR 36598 Jul 12, 2021 — Special Financial Assistance by PBGC (a)
  • 84 FR 18715 May 2, 2019 — Terminated and Insolvent Multiemployer Plans and Duties of Plan Sponsors
  • 80 FR 79687 Dec 23, 2015 — Partitions of Eligible Multiemployer Plans
  • 80 FR 35220 Jun 19, 2015 — Partitions of Eligible Multiemployer Plans
Proposed Rules
  • 88 FR 56563Proposed Aug 18, 2023 — Valuation Assumptions and Methods Comments due Oct 17, 2023
  • 87 FR 62316Proposed Oct 14, 2022 — Actuarial Assumptions for Determining an Employer's Withdrawal Liability Comments due Nov 14, 2022
  • 83 FR 32815Proposed Jul 16, 2018 — Terminated and Insolvent Multiemployer Plans and Duties of Plan Sponsors Comments due Sep 14, 2018

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

EffectiveThroughSourceAmended by
Jul 1, 1997Jun 30, 1999CFR 1998 annual edition (revised as of 1998-07-01) run 127View
Jul 1, 1999May 1, 2019eCFR amendment effective 2017-01-01 run 2663 FR 38307, July 16, 1998View · Redline (sign in)
May 2, 2019Jun 30, 2019eCFR amendment effective 2019-05-02 run 2663 FR 38307, July 16, 1998View · Redline (sign in)
Jul 1, 2019Jun 5, 2024eCFR editorial change effective 2019-07-01 run 2684 FR 18726, May 2, 2019View · Redline (sign in)
Jun 6, 2024Jul 7, 2024eCFR amendment effective 2024-06-06 run 2684 FR 18726, May 2, 2019View · Redline (sign in)
Jul 8, 2024Aug 14, 2025eCFR amendment effective 2024-07-08 run 2689 FR 48309, June 6, 2024View · Redline (sign in)
Aug 15, 2025Sep 14, 2025eCFR amendment effective 2025-08-15 run 2689 FR 48309, June 6, 2024View · Redline (sign in)
Sep 15, 2025currenteCFR amendment effective 2025-09-15 run 290 FR 39329, Aug. 15, 2025View · Redline (sign in)
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