PBGCFinal Rules (FR)Jun 6, 2024★ strong match
…nded market yield curve and applicable spreads for a given valuation date:
(i) Example 1—August 31, 2024, valuation date.
Because the valuation date is the last day of a month, the applicable blended market yield curve determined under paragraph (d)(1) of
( printed page 48306)
this section is the blended market yield c…
89 FR 54347 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Jul 1, 2024★ strong match
…umption under the asset allocation regulation for plans with valuation dates of July 31-October 30, 2024. These interest assumptions are used for valuing benefits under terminating single-employer plans and for other purposes.
DATES:
Effective July 31, 2024.
FOR FURTHER INFORMATION CONTACT:
88 FR 83352 — Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age PBGCFinal Rules (FR)Nov 29, 2023★ strong match
…ement. Table I-24 will be used to value benefits in plans with valuation dates during calendar year 2024. PBGC has determined that notice of, and public comment on, this rule are impracticable, unnecessary, and contrary to the public interest. PBGC's update of appendix D for calendar year 2024 is routine. If a plan has…
89 FR 18363 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Mar 13, 2024★ strong match
…o estimate the value of plan benefits for plans with valuation dates early in the second quarter of 2024. PBGC has determined that this action is not a “significant regulatory action” under the criteria set forth in Executive Order 12866.
Because no general notice of proposed rulemaking is required for this amendment, …
89 FR 76730 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Sep 19, 2024
… curves that is adjusted to the extent necessary so that the resulting liabilities align with group annuity prices. The adjustments are referred to as “spreads.” PBGC determines and publishes spreads quarterly based on survey data on pricing of private-sector group annuities. As noted in the preamble to the June 6 rule…
89 FR 50526 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Jun 14, 2024★ strong match
…02(b)(3), 1341, 1344, 1362. ( printed page 50527)
2. In appendix B to part 4044, an entry for “July 2024, other than July 31” is added at the end of the table to read as follows:
Appendix B to Part 4044—Interest Rates Used to Value Benefits
* * * * *
For valuation dates occurring in the month—
The values of
it
are:
it
…
88 FR 87340 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Dec 18, 2023★ strong match
…to estimate the value of plan benefits for plans with valuation dates early in the first quarter of 2024. PBGC has determined that this action is not a “significant regulatory action” under the criteria set forth in Executive Order 12866.
Because no general notice of proposed rulemaking is required for this amendment, …
89 FR 2132 — Adjustment of Civil Penalties for Inflation PBGCFinal Rules (FR)Jan 12, 2024
…, 2023, the Office of Management and Budget issued memorandum M-24-07 on implementation of the 2024 annual inflation adjustment.[3]
The memorandum provides agencies with the cost-of-living adjustment multiplier for 2024, which is based on the Consumer Price Index (CPI-U) for the month of October 2023, not seasonally ad…
89 FR 104425 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Dec 23, 2024★ strong match
…hey ensure that use of PBGC's interest assumption continues to yield liabilities in line with group annuity prices. Accordingly, PBGC finds that the public interest is best served by issuing this rule expeditiously, without an opportunity for notice and comment, and that good cause exists for making the assumptions set…
PBGCRegulationsSep 15, 2025
…urement date in plan year 2023 and received a special financial assistance payment of $1,000,000 in 2024. In the plan's application, Plan A is projected to exhaust its special financial assistance assets during plan year 2028. Accordingly, the payment year is 2024 and the exhaustion year is 2029 (the projected SFA exha…
90 FR 59972 — Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age; Missing Participants Mortality Assumption PBGCFinal Rules (FR)Dec 23, 2025★ strong match
…eph Krettek,
Assistant General Counsel, Pension Benefit Guaranty Corporation.
Footnotes
1. In June 2024, PBGC issued a final rule at 89 FR 48291 updating the interest, mortality, and expense assumptions used to determine the present value of a single-employer plan's benefits when it terminates in a distress or involun…
PBGCProposed Rules (FR)Proposed Aug 18, 2023★ strong match
…lended market yield curve and applicable spreads for a given valuation date:
(i) Example 1—June 30, 2024, valuation date.
Because the valuation date is the last day of a month, the applicable blended market yield curve determined under paragraph (d)(1) of this section is the blended market yield curve as of that date. …
PBGCFinal Rules (FR)Jul 8, 2022
r cost and 2 hours of in-house fund time. Thus, these notices impose estimated annual burdens of $22,667 (11.33 × $2,000) and 22.66 (11.33 × 2) hours. Also, PBGC estimates that in 2023 and 2024, PBGC will receive an average of 2.2 requests per year for determinations concerning a transfer of assets or liabilities (incl…
90 FR 28899 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Jul 2, 2025
arter of 2024, the applicable spreads are the third quarter 2024 spreads, available on
www.pbgc.gov.
(ii)
Example 2—November 15, 2024, valuation date. Because the valuation date is not the last day of a month, the applicable blended market yield curve determined under paragraph (d)(1) of this section is the blended mar…
87 FR 76576 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Dec 15, 2022related by meaning
n to allow the use of the proper assumptions to estimate the value of plan benefits for plans with valuation dates early in the first quarter of 2023. PBGC has determined that this action is not a “significant regulatory action” under the criteria set forth in Executive Order 12866.
Because no general notice of propose…
PBGCRegulationsJan 1, 2026
(c)(3)(i) (i) Calculation of mortality rate. The mortality rate that is applied to male annuitants who are age 67 in 2024 is equal to the product of the mortality rate for 2012 that applied to male annuitants who were age 67 in 2012 (0.01288) and the cumulative mortality improvement factor for age 67 males from 2012 to…
PBGCRegulationsJul 31, 2026
(e)(3)(ii) (ii) Example 2—November 15, 2024, valuation date. Because the valuation date is not the last day of a month, the applicable blended market yield curve determined under paragraph (d)(1) of this section is the blended market yield curve as of the last day of the month before the month containing the valuation …
89 FR 104040 — Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age; Missing Participants Mortality Assumption PBGCFinal Rules (FR)Dec 20, 2024★ strong match
… General Counsel for Regulatory Affairs Pension Benefit Guaranty Corporation.
Footnotes
1. In June 2024, PBGC issued a final rule at 89 FR 48291 updating the interest, mortality, and expense assumptions used to determine the present value of a single-employer plan's benefits when it terminates in a distress or involun…
90 FR 39320 — Miscellaneous Corrections, Clarifications, and Improvements PBGCFinal Rules (FR)Aug 15, 2025★ strong match
…e in controlled group. D. Allocation of Assets in Single-Employer Plans—29 CFR Part 4044
On June 6, 2024, PBGC published its final rule, Valuation Assumptions and Methods,[18]
to amend its regulation on Allocation of Assets in a Single-Employer Plans (29 CFR part 4044), “benefits valuation regulation.” The rule updated…
88 FR 62706 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Sep 13, 2023related by meaning
to allow the use of the proper assumptions to estimate the value of plan benefits for plans with valuation dates early in the fourth quarter of 2023. PBGC has determined that this action is not a “significant regulatory action” under the criteria set forth in Executive Order 12866.
Because no general notice of proposed…