{"data":{"id":"us/29-cfr-appendix-b-to-part-4044","jurisdiction":"us","citation":"29 CFR Appendix B to Part 4044","heading":"Appendix B to Part 4044—Interest Rates Used To Value Benefits","body":"[This table sets forth, for each indicated calendar month, the interest rates (denoted by i1, i2, . . ., and referred to generally as it) assumed to be in effect between specified anniversaries of a valuation date that occurs within that calendar month; those anniversaries are specified in the columns adjacent to the rates. The last listed rate is assumed to be in effect after the last listed anniversary date.]\nFor valuation dates occurring in the month— The values of it are:\nit for t= it for t= it for t=\nNovember 1993 .0560 1-25 .0525 \u003e N/A N/A\nDecember 1993 .0560 1-25 .0525 \u003e25 N/A N/A\nJanuary 1994 .0590 1-25 .0525 \u003e25 N/A N/A\nFebruary 1994 .0590 1-25 .0525 \u003e25 N/A N/A\nMarch 1994 .0580 1-25 .0525 \u003e25 N/A N/A\nApril 1994 .0620 1-25 .0525 \u003e25 N/A N/A\nMay 1994 .0650 1-25 .0525 \u003e25 N/A N/A\nJune 1994 .0670 1-25 .0525 \u003e25 N/A N/A\nJuly 1994 .0690 1-25 .0525 \u003e25 N/A N/A\nAugust 1994 .0700 1-25 .0525 \u003e25 N/A N/A\nSeptember 1994 .0690 1-25 .0525 \u003e25 N/A N/A\nOctober 1994 .0700 1-25 .0525 \u003e25 N/A N/A\nNovember 1994 .0730 1-25 .0525 \u003e25 N/A N/A\nDecember 1994 .0750 1-25 .0525 \u003e25 N/A N/A\nJanuary 1995 .0750 1-20 .0575 \u003e20 N/A N/A\nFebruary 1995 .0730 1-20 .0575 \u003e20 N/A N/A\nMarch 1995 .0730 1-20 .0575 \u003e20 N/A N/A\nApril 1995 .0710 1-20 .0575 \u003e20 N/A N/A\nMay 1995 .0690 1-20 .0575 \u003e20 N/A N/A\nJune 1995 .0680 1-20 .0575 \u003e20 N/A N/A\nJuly 1995 .0630 1-20 .0575 \u003e20 N/A N/A\nAugust 1995 .0620 1-20 .0575 \u003e20 N/A N/A\nSeptember 1995 .0640 1-20 .0575 \u003e20 N/A N/A\nOctober 1995 .0630 1-20 .0575 \u003e20 N/A N/A\nNovember 1995 .0620 1-20 .0575 \u003e20 N/A N/A\nDecember 1995 .0600 1-20 .0575 \u003e20 N/A N/A\nJanuary 1996 .0560 1-20 .0475 \u003e20 N/A N/A\nFebruary 1996 .0540 1-20 .0475 \u003e20 N/A N/A\nMarch 1996 .0550 1-20 .0475 \u003e20 N/A N/A\nApril 1996 .0580 1-20 .0475 \u003e20 N/A N/A\nMay 1996 .0600 1-20 .0475 \u003e20 N/A N/A\nJune 1996 .0620 1-20 .0475 \u003e20 N/A N/A\nJuly 2006 .0630 1-20 .0475 \u003e20 N/A N/A\nAugust 1996 .0630 1-20 .0475 \u003e20 N/A N/A\nSeptember 1996 .0630 1-20 .0475 \u003e20 N/A N/A\nOctober 1996 .0630 1-20 .0475 \u003e20 N/A N/A\nNovember 1996 .0620 1-20 .0475 \u003e20 N/A N/A\nDecember 1996 .0600 1-20 .0475 \u003e20 N/A N/A\nJanuary 1997 .0580 1-25 .0500 \u003e25 N/A N/A\nFebruary 1997 .0590 1-25 .0500 \u003e25 N/A N/A\nMarch 1997 .0620 1-25 .0500 \u003e25 N/A N/A\nApril 1997 .0610 1-25 .0500 \u003e25 N/A N/A\nMay 1997 .0630 1-25 .0500 \u003e25 N/A N/A\nJune 1997 .0640 1-25 .0500 \u003e25 N/A N/A\nJuly 1997 .0630 1-25 .0500 \u003e25 N/A N/A\nAugust 1997 .0610 1-25 .0500 \u003e25 N/A N/A\nSeptember 1997 .0570 1-25 .0500 \u003e25 N/A N/A\nOctober 1997 .0590 1-25 .0500 \u003e25 N/A N/A\nNovember 1997 .0570 1-25 .0500 \u003e25 N/A N/A\nDecember 1997 .0560 1-25 .0500 \u003e25 N/A N/A\nJanuary 1998 .0560 1-25 .0525 \u003e25 N/A N/A\nFebruary 1998 .0550 1-25 .0525 \u003e25 N/A N/A\nMarch 1998 .0550 1-25 .0525 \u003e25 N/A N/A\nApril 1998 .0550 1-25 .0525 \u003e25 N/A N/A\nMay 1998 .0560 1-25 .0525 \u003e25 N/A N/A\nJune 1998 .0560 1-25 .0525 \u003e25 N/A N/A\nJuly 1998 .0550 1-25 .0525 \u003e25 N/A N/A\nAugust 1998 .0540 1-25 .0525 \u003e25 N/A N/A\nSeptember 1998 .0540 1-25 .0525 \u003e25 N/A N/A\nOctober 1998 .0540 1-25 .0525 \u003e25 N/A N/A\nNovember 1998 .0530 1-25 .0525 \u003e25 N/A N/A\nDecember 1998 .0540 1-25 .0525 \u003e25 N/A N/A\nJanuary 1999 .0530 1-20 .0525 \u003e20 N/A N/A\nFebruary 1999 .0540 1-20 .0525 \u003e20 N/A N/A\nMarch 1999 .0530 1-20 .0525 \u003e20 N/A N/A\nApril 1999 .0560 1-20 .0525 \u003e20 N/A N/A\nMay 1999 .0570 1-20 .0525 \u003e20 N/A N/A\nJune 1999 .0570 1-20 .0525 \u003e20 N/A N/A\nJuly 1999 .0600 1-20 .0525 \u003e20 N/A N/A\nAugust 1999 .0630 1-20 .0525 \u003e20 N/A N/A\nSeptember 1999 .0630 1-20 .0525 \u003e20 N/A N/A\nOctober 1999 .0630 1-20 .0525 \u003e20 N/A N/A\nNovember 1999 .0630 1-20 .0525 \u003e20 N/A N/A\nDecember 1999 .0650 1-20 .0525 \u003e20 N/A N/A\nJanuary 2000 .0690 1-25 .0625 \u003e25 N/A N/A\nFebruary 2000 .0710 1-25 .0625 \u003e25 N/A N/A\nMarch 2000 .0710 1-25 .0625 \u003e25 N/A N/A.\nApril 2000 .0710 1-25 .0625 \u003e25 N/A N/A\nMay 2000 .0700 1-25 .0625 \u003e25 N/A N/A\nJune 2000 .0710 1-25 .0625 \u003e25 N/A N/A\nJuly 2000 .0740 1-25 0625 \u003e25 N/A N/A\nAugust 2000 .0710 1-25 .0625 \u003e25 N/A N/A\nSeptember 2000 .070 1-25 .0625 25 N/A N/A\nOctober 2000 .0700 1-25 .0625 \u003e25 N/A N/A\nNovember 2000 .0710 1-25 .0625 \u003e25 N/A N/A\nDecember 2000 .0700 1-25 .0625 \u003e25 N/A N/A\nJanuary 2001 .0670 1-20 .0625 \u003e20 N/A N/A\nFebruary 2001 .0650 1-20 .0625 \u003e20 N/A N/A\nMarch 2001 .0640 1-20 .0625 \u003e20 N/A N/A\nApril 2001 .0640 1-20 .0625 \u003e20 N/A N/A\nMay 2001 .0640 1-20 .0625 \u003e20 N/A N/A\nJune 2001 .0660 1-20 .0625 \u003e20 N/A N/A\nJuly 2001 .0660 1-20 .0625 \u003e20 N/A N/A\nAugust 2001 .0640 1-20 .0625 \u003e20 N/A N/A\nSeptember 2001 .0630 1-20 .0625 \u003e20 N/A N/A\nOctober 2001 .0610 1-20 .0625 \u003e20 N/A N/A\nNovember 2001 .0650 1-20 .0625 \u003e20 N/A N/A\nDecember 2001 .0610 1-20 .0625 \u003e20 N/A N/A\nJanuary 2002 .0580 1-25 .0425 \u003e25 N/A N/A\nFebruary 2002 .0580 1-25 .0425 \u003e25 N/A N/A\nMarch 2002 .0560 1-25 .0425 \u003e25 N/A N/A\nApril 2002 .0550 1-25 .0425 \u003e25 N/A N/A\nMay 2002 .0590 1-25 .0425 \u003e25 N/A N/A\nJune 2002 .0570 1-25 .0425 \u003e25 N/A N/A\nJuly 2002 .0570 1-25 .0425 \u003e25 N/A N/A\nAugust 2002 .0550 1-25 .0425 \u003e25 N/A N/A\nSeptember 2002 .0540 1-25 .0425 25 N/A N/A\nOctober 2002 .0530 1-25 .0425 \u003e25 N/A N/A\nNovember 2002 .0500 1-25 .0425 \u003e25 N/A N/A\nDecember 2002 .0530 1-25 .0425 \u003e25 N/A N/A\nJanuary 2003 .0530 1-20 .0525 \u003e20 N/A N/A\nFebruary 2003 .0510 1-20 .0525 \u003e20 N/A N/A\nMarch 2003 .0510 1-20 .0525 \u003e20 N/A N/A\nApril 2003 .0490 1-20 .0525 \u003e20 N/A N/A\nMay 2003 .0490 1-20 .0525 \u003e20 N/A N/A\nJune 2003 .0470 1-20 .0525 \u003e20 N/A N/A\nJuly 2003 .0430 1-20 .0525 \u003e20 N/A N/A\nAugust 2003 .0440 1-20 .0525 \u003e20 N/A N/A\nSeptember 2003 .0490 1-20 .0525 \u003e20 N/A N/A\nOctober 2003 .0490 1-20 .0525 \u003e20 N/A N/A\nNovember 2003 .0460 1-20 .0525 20 N/A N/A\nDecember 2003 .0470 1-20 .0525 \u003e20 N/A N/A\nJanuary 2004 .0420 1-20 .0500 \u003e20 N/A N/A\nFebruary 2004 .0410 1-20 .0500 \u003e20 N/A N/A\nMarch 2004 .0410 1-20 .0500 \u003e20 N/A N/A\nApril 2004 .0400 1-20 .0500 \u003e20 N/A N/A\nMay 2004 .0390 1-20 .0500 \u003e20 N/A N/A\nJune 2004 .0430 1-20 .0500 \u003e20 N/A N/A\nJuly 2004 .0450 1-20 .0500 \u003e20 N/A N/A\nAugust 2004 .0430 1-20 .0500 \u003e20 N/A N/A\nSeptember 2004 .0420 1-20 .0500 \u003e20 N/A N/A\nOctober 2004 .0400 1-20 .0500 \u003e20 N/A N/A\nNovember 2004 .0380 1-20 .0500 \u003e20 N/A N/A\nDecember 2004 .0380 1-20 .0500 \u003e20 N/A N/A\nJanuary 2005 .0410 1-20 .0475 \u003e20 N/A N/A\nFebruary 2005 .0400 1-20 .0475 \u003e20 N/A N/A\nMarch 2005 .0380 1-20 .0475 \u003e20 N/A N/A\nApril 2005 .0380 1-20 .0475 \u003e20 N/A N/A\nMay 2005 .0390 1-20 .0475 \u003e20 N/A N/A\nJune 2005 .0370 1-20 .0475 \u003e20 N/A N/A\nJuly 2005 .0360 1-20 .0475 \u003e20 N/A N/A\nAugust 2005 .0340 1-20 .0475 \u003e20 N/A N/A\nSeptember 2005 .0360 1-20 .0475 \u003e20 N/A N/A\nOctober 2005 .0350 1-20 .0475 \u003e20 N/A N/A\nNovember 2005 .0370 1-20 .0475 \u003e20 N/A N/A\nDecember 2005 .0400 1-20 .0475 \u003e20 N/A N/A\nJanuary 2006 .0570 1-20 .0475 \u003e20 N/A N/A\nFebruary 2006 .0560 1-20 .0475 \u003e20 N/A N/A\nMarch 2006 .0570 1-20 .0475 \u003e20 N/A N/A\nApril 2006 .0560 1-20 .0475 \u003e20 N/A N/A\nMay 2006 .0590 1-20 .0475 \u003e20 N/A N/A\nJune 2006 .0620 1-20 .0475 \u003e20 N/A N/A\nJuly 2006 .0630 1-20 .0475 \u003e20 N/A N/A\nAugust 2006 .0640 1-20 .0475 \u003e20 N/A N/A\nSeptember 2006 .0620 1-20 .0475 \u003e20 N/A N/A\nOctober 2006 .0600 1-20 .0475 \u003e20 N/A N/A\nNovember 2006 .0570 1-20 .0475 \u003e20 N/A N/A\nDecember 2006 .0580 1-20 .0475 \u003e20 N/A N/A\nJanuary 2007 .0488 1-20 .0455 \u003e20 N/A N/A\nFebruary 2007 .0513 1-20 .0480 \u003e20 N/A N/A\nMarch 2007 .0522 1-20 .0489 \u003e20 N/A N/A\nApril 2007 .0499 1-20 .0466 \u003e20 N/A N/A\nMay 2007 .0520 1-20 .0487 \u003e20 N/A N/A\nJune 2007 .0514 1-20 .0481 \u003e20 N/A N/A\nJuly 2007 .0533 1-20 .0500 \u003e20 N/A N/A\nAugust 2007 .0549 1-20 .0516 \u003e20 N/A N/A\nSeptember 2007 .0553 1-20 .0520 \u003e20 N/A N/A\nOctober 2007 .0551 1-20 .0518 \u003e20 N/A N/A\nNovember 2007 .0546 1-20 .0513 \u003e20 N/A N/A\nDecember 2007 .0537 1-20 .0504 \u003e20 N/A N/A\nJanuary 2008 .0542 1-20 .0449 \u003e20 N/A N/A\nFebruary 2008 .0550 1-20 .0457 \u003e20 N/A N/A\nMarch 2008 .0554 1-20 .0461 \u003e20 N/A N/A\nApril 2008 .0564 1-20 .0471 \u003e20 N/A N/A\nMay 2008 .0581 1-20 .0488 \u003e20 N/A N/A\nJune 2008 .0568 1-20 .0475 \u003e20 N/A N/A\nJuly 2008 .0595 1-20 .0502 20 N/A N/A\nAugust 2008 .0605 1-20 .0512 \u003e20 N/A N/A\nSeptember 2008 .0624 1-20 .0531 \u003e20 N/A N/A\nOctober 2008 .0618 1-20 .0525 \u003e20 N/A N/A\nNovember 2008 .0709 1-20 .0616 \u003e20 N/A N/A\nDecember 2008 .0792 1-20 .0699 \u003e20 N/A N/A\nJanuary 2009 0.0602 1-20 0.0548 \u003e20 N/A N/A\nFebruary 2009 0.0602 1-20 0.0548 \u003e20 N/A N/A\nMarch 2009 0.0602 1-20 0.0548 \u003e20 N/A N/A\nApril-June 2009 0.0550 1-20 0.0502 \u003e20 N/A N/A\nJuly-September 2009 0.0531 1-20 0.0504 \u003e20 N/A N/A\nOctober-December 2009 0.0530 1-20 0.0501 \u003e20 N/A N/A\nJanuary—March 2010 0.0489 1-20 0.0463 \u003e20 N/A N/A\nApril-June 2010 0.0463 1-20 0.0451 \u003e20 N/A N/A\nJuly-September 2010 0.0493 1-20 0.0466 \u003e20 N/A N/A\nOctober-December 2010 0.0448 1-25 0.0451 \u003e25 N/A N/A\nJanuary-March 2011 0.0407 1-25 0.0393 \u003e25 N/A N/A\nApril-June 2011 0.0396 1-20 0.0432 \u003e20 N/A N/A\nJuly-September 2011 0.0422 1-20 0.0434 \u003e20 N/A N/A\nOctober-December 2011 0.0409 1-20 0.0430 \u003e20 N/A N/A\nJanuary-March 2012 0.0374 1-20 0.0370 \u003e20 N/A N/A\nApril-June 2012 0.0311 1-20 0.0336 \u003e20 N/A N/A\nJuly-September 2012 0.0295 1-20 0.0366 \u003e20 N/A N/A\nOctober—December 2012 0.0307 1-20 0.0300 \u003e20 N/A N/A\nJanuary-March 2013 0.0267 1-20 0.0301 \u003e20 N/A N/A\nApril-June 2013 0.0250 1-20 0.0320 \u003e20 N/A N/A\nJuly-September 2013 0.0260 1-20 0.0343 \u003e20 N/A N/A\nOctober-December 2013 0.0300 1-20 0.0331 \u003e20 N/A N/A\nJanuary-March 2014 0.0335 1-20 0.0350 \u003e20 N/A N/A\nApril—June 2014 0.0347 1-20 0.0364 \u003e20 N/A N/A\nJuly-September 2014 0.0343 1-20 0.0366 \u003e20 N/A N/A\nOctober-December 2014 0.0310 1-20 0.0329 \u003e20 N/A N/A\nJanuary-March 2015 0.0289 1-20 0.0312 \u003e20 N/A N/A\nApril-June 2015 0.0271 1-20 0.0278 \u003e20 N/A N/A\nJuly-September 2015 0.0232 1-20 0.0237 \u003e20 N/A N/A\nOctober-December 2015 0.0246 1-20 0.0298 \u003e20 N/A N/A\nJanuary-March 2016 0.0282 1-20 0.0295 \u003e20 N/A N/A\nJanuary-March 2017 0.0187 1-20 0.0237 \u003e20 N/A N/A\nApril-June 2016 0.0277 1-20 0.0286 \u003e20 N/A N/A\nJuly-September 2016 0.0250 1-20 0.0285 \u003e20 N/A N/A\nOctober-December 2016 0.0198 1-20 0.0267 \u003e20 N/A N/A\nJanuary-March 2017 0.0187 1-20 0.0237 \u003e20 N/A N/A\nApril-June 2017 0.0215 1-20 0.0260 \u003e20 N/A N/A\nJuly-September 2017 0.0244 1-20 0.0274 \u003e20 N/A N/A\nOctober-December 2017 0.0234 1-20 0.0263 \u003e20 N/A N/A\nJanuary-March 2018 0.0239 1-20 0.0260 \u003e20 N/A N/A\nApril-June 2018 0.0227 1-20 0.0259 \u003e20 N/A N/A\nJuly-September 2018 0.0253 1-25 0.0264 \u003e25 N/A N/A\nOctober-December 2018 0.0284 1-20 0.0276 \u003e20 N/A N/A\nJanuary-March 2019 0.0309 1-20 0.0284 \u003e20 N/A N/A\nApril-June 2019 0.0307 1-20 0.0305 \u003e20 N/A N/A\nJuly-September 2019 0.0292 1-25 0.0307 \u003e25 N/A N/A\nOctober-December 2019 0.0253 1-25 0.0253 \u003e25 N/A N/A\nJanuary-March 2020 0.0212 1-25 0.0226 \u003e25 N/A N/A\nApril-June 2020 0.0211 1-20 0.0192 \u003e20 N/A N/A\nJuly-September 2020 0.0198 1-20 0.0157 \u003e20 N/A N/A\nOctober-December 2020 0.0162 1-20 0.0140 \u003e20 N/A N/A\nJanuary-March 2021 0.0169 1-20 0.0166 \u003e20 N/A N/A\nApril-June 2021 0.0182 1-20 0.0168 \u003e20 N/A N/A\nJuly-September 2021 0.0213 1-25 0.0223 \u003e25 N/A N/A\nOctober-December 2021 0.0240 1-20 0.0211 \u003e20 N/A N/A\nJanuary-March 2022 0.0237 1-20 0.0203 \u003e20 N/A N/A\nApril-June 2022 0.0240 1-20 0.0212 \u003e20 N/A N/A\nJuly-September 2022 0.0281 1-20 0.0294 \u003e20 N/A N/A\nOctober-December 2022 0.0390 1-20 0.0365 \u003e20 N/A N/A\nJanuary-March 2023 0.0486 1-20 0.0470 \u003e20 N/A N/A\nApril-June 2023 0.0538 1-20 0.0509 \u003e20 N/A N/A\nJuly-September 2023 0.0524 1-20 0.0458 \u003e20 N/A N/A\nOctober-December 2023 0.0506 1-20 0.0437 \u003e20 N/A N/A\nJanuary-March 2024 0.0545 1-20 0.0522 \u003e20 N/A N/A\nApril-June 2024 0.0550 1-20 0.0483 \u003e20 N/A N/A\nJuly 2024, other than July 31 0.0511 1-20 0.0483 \u003e20 N/A N/A","path":["Title 29—Labor","Subtitle B—Regulations Relating to Labor","CHAPTER XL—PENSION BENEFIT GUARANTY CORPORATION","SUBCHAPTER E—PLAN TERMINATIONS","PART 4044—ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-29.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:20Z","sha256":"cd5d100138d62556df1d16000b65dfa8b350c32b7b92859fc66928e9e932c9e5","source_id":"us-cfr","stale":true,"prev":"us/29-cfr-appendix-a-to-part-4044","next":"us/29-cfr-4047.1"},"notice":"GroundRules: Original legal text. Not legal advice."}