Start Further Info FOR FURTHER INFORMATION CONTACT: DATES:Įffective date: This rule is effective January 1, 2021.Īpplicability date: The amendments affecting PBGC's calculation and payment of lump sum benefits apply to trusteed plans with termination dates on or after January 1, 2021.

This rule modifies the assumptions the Pension Benefit Guaranty Corporation (PBGC) uses to determine de minimis lump sum benefits in PBGC-trusteed terminated single-employer defined benefit pension plans and discontinues monthly publication of PBGC's lump sum interest rate assumptions.

Appendix C to Part 4022-Lump Sum Interest Rates for Private-Sector Payments.

PART 4022-BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS.

Discontinue Monthly Publication of Legacy Interest Rates.

Adopt Lump Sum Assumptions From Section 417(e)(3) of the Code.

Use of PBGC's Lump Sum Interest Rates by Private Sector.

Executive Summary-Purpose and Authority.

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