The select and ultimate interest rates are issued for the specific purpose of determining the present value of annuities in involuntary and distress terminations of single-employer plans, as discussed in 29 CFR 4044. They are also used to value benefits and certain assets under multiemployer plans following mass withdrawal as discussed in 29 CFR 4211.
2004 Interest Rates
For Valuation Dates Occurring in the Month of:
it
for t =
it
for t =
it
for t =
January 2004
.0420
1 - 20
.0500
>20
N/A
N/A
February 2004
.0410
1 - 20
.0500
>20
N/A
N/A
March 2004
.0410
1 - 20
.0500
>20
N/A
N/A
April 2004
.0400
1 - 20
.0500
>20
N/A
N/A
May 2004
.0390
1 - 20
.0500
>20
N/A
N/A
June 2004
.0430
1 - 20
.0500
>20
N/A
N/A
July 2004
.0450
1 - 20
.0500
>20
N/A
N/A
August 2004
.0430
1 - 20
.0500
>20
N/A
N/A
September 2004
.0420
1 - 20
.0500
>20
N/A
N/A
October 2004
.0400
1 - 20
.0500
>20
N/A
N/A
Check below to select rates from an earlier year::
