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Funding Yield Curve Segment Rates

The tables below do not provide rate information for certain electing plans, and do not provide rate information applicable to plan years beginning in 2013 or earlier. For these historical rates, see the Historical Funding Segment Rate Tables web page.

Generally (except for certain plans under Sections 104, 105, and 402 of the Pension Protection Act of 2006 and CSEC plans under Section 414(y)), for funding purposes, single-employer plans are required to use the 24-month average segment rates determined under Section 430(h)(2) of the Code, as amended by the Moving Ahead for Progress in the 21st Century Act (MAP-21), the Highway and Transportation Funding Act of 2014 (HATFA), and the Bipartisan Budget Act of 2015 (BBA). However, a plan sponsor is permitted to elect to use the monthly yield curve under section 430(h)(2)(D)(ii) in place of the segment rates. Section 430(h)(2)(c)(iv), which was added by MAP-21, requires that the 24-month average segment rates be adjusted by the applicable maximum and applicable minimum percentages of the 25-year average segment rates from the 25-year period ending September 30 of the year before the calendar year in which the plan year begins. Section 2003(a) of HATFA amended the applicable percentages under Section 430(h)(2)(C)(iv) of the Code. This change generally applies to plan years beginning on or after January 1, 2013. However, a plan sponsor is permitted to elect not to have the amendments made to the applicable percentages by HATFA apply to any plan year beginning in 2013. This election can be made either for all purposes or, alternatively, for purposes of determining the adjusted funding target attainment percentage under IRC Section 436. Section 504 of BBA amended the applicable percentages again, generally effective for plan years beginning after December 31, 2015.

Funding Table 1 lists the applicable minimum and maximum percentages under Section 430(h)(2)(C)(iv) as amended by HATFA and BBA for plan years beginning in the stated calendar year. However, see Historical Funding Segment Rate Tables, Table 1 – MAP-21 for certain electing plans.

Funding Table 1

Plan Years Beginning in
Applicable Minimum Applicable Maximum
2012 to 2020 90% 110%
2021 85% 115%
2022 80% 120%
2023 75% 125%
2024 and after 70% 130%

Funding Table 2 lists the HATFA/BBA 25-year average segment rates and the corridor of the HATFA/BBA applicable minimum and maximum percentages for the 24-month segment rates for the periods listed. However, see Historical Funding Segment Rate Tables for certain electing plans.

Funding Table 2
25-Year Segment Rates Permissible Corridor Based on HATFA/BBA Applicable Minimum and Maximum Percentages
Plan Years Beginning in First Segment Second Segment Third Segment   First Segment Second Segment Third Segment

2012

6.15

7.61

8.35
Min.

Max.
5.54
to
6.77
6.85
to
8.37
7.52
to
9.19

2013

5.81

7.23

7.95
Min.

Max.
5.23
to
6.39
6.51
to
7.95
7.16
to
8.75

2014

5.54

7.02

7.77
Min.

Max.
4.99
to
6.09
6.32
to
7.72
6.99
to
8.55

2015

5.24

6.79

7.57
Min.

Max.
4.72
to
5.76
6.11
to
7.47
6.81
to
8.33

2016

4.92

6.57

7.39

Min.

Max.

4.43
to
5.41
5.91
to
7.23
6.65
to
8.13

2017

4.62

6.35

7.20
Min.

Max.
4.16
to
5.08
5.72
to
6.99
6.48
to
7.92

Funding Table 3 lists the 24-month average segment rates without adjustment for the applicable percentages of the 25-year average segment rates, and lists the 24-month average segment rates as adjusted by the HATFA/BBA applicable maximum and applicable minimum percentages of the 25-year average segment rates. However, see Historical Funding Segment Rate Tables, Table 3 - MAP-21 for certain electing plans.

Funding Table 3

 

For Plan Years Beginning In

   24-Month Average Segment Rates Not Adjusted Adjusted 24-Month Average Segment Rates, Based on HATFA/BBA Applicable Percentage of 25-Year Average Rates
Applicable Month First
Segment
Second
Segment
Third
Segment
First
Segment
Second
Segment
Third
Segment
2017 Feb-17 1.60 3.79 4.74 4.16 5.72 6.48
2017 Jan-17 1.57 3.77 4.73 4.16 5.72 6.48
               
2017 Dec-16 1.55 3.76 4.73 4.16 5.72 6.48
2017 Nov-16 1.53 3.76 4.74 4.16 5.72 6.48
2017 Oct-16 1.52 3.78 4.76 4.16 5.72 6.48
2017 Sep-16 1.52 3.80 4.79 4.16 5.72 6.48
               
  Applicable Month First
Segment
Second
Segment
Third
Segment
First
Segment
Second
Segment
Third
Segment
2016 Feb-17 1.60 3.79 4.74 4.43 5.91 6.65
2016 Jan-17 1.57 3.77 4.73 4.43 5.91 6.65
               
2016 Dec-16 1.55 3.76 4.73 4.43 5.91 6.65
2016 Nov-16 1.53 3.76 4.74 4.43 5.91 6.65
2016 Oct-16 1.52 3.78 4.76 4.43 5.91 6.65
2016 Sep-16 1.52 3.80 4.79 4.43 5.91 6.65
2016 Aug-16 1.51 3.83 4.82 4.43 5.91 6.65
2016 Jul-16 1.51 3.86 4.86 4.43 5.91 6.65
2016 Jun-16 1.50 3.88 4.89 4.43 5.91 6.65
2016 May-16 1.48 3.90 4.90 4.43 5.91 6.65
2016 Apr-16 1.47 3.92 4.92 4.43 5.91 6.65
2016 Mar-16 1.46 3.93 4.94 4.43 5.91 6.65
2016 Feb-16 1.43 3.94 4.96 4.43 5.91 6.65
2016 Jan-16 1.41 3.96 4.97 4.43 5.91 6.65
               
2016 Dec-15 1.39 3.98 5.00 4.43 5.91 6.65
2016 Nov-15 1.36 3.99 5.02 4.43 5.91 6.65
2016 Oct-15 1.35 4.01 5.04 4.43 5.91 6.65
2016 Sep-15 1.34 4.03 5.06 4.43 5.91 6.65
               
  Applicable Month First
Segment
Second
Segment
Third
Segment
First
Segment
Second
Segment
Third
Segment
2015 Jan-17 1.57 3.77 4.73 4.72 6.11 6.81
               
2015 Dec-16 1.55 3.76 4.73 4.72 6.11 6.81
2015 Nov-16 1.53 3.76 4.74 4.72 6.11 6.81
2015 Oct-16 1.52 3.78 4.76 4.72 6.11 6.81
2015 Sep-16 1.52 3.80 4.79 4.72 6.11 6.81
2015 Aug-16 1.51 3.83 4.82 4.72 6.11 6.81
2015 Jul-16 1.51 3.86 4.86 4.72 6.11 6.81
2015 Jun-16 1.50 3.88 4.89 4.72 6.11 6.81
2015 May-16 1.48 3.90 4.90 4.72 6.11 6.81
2015 Apr-16 1.47 3.92 4.92 4.72 6.11 6.81
2015 Mar-16 1.46 3.93 4.94 4.72 6.11 6.81
2015 Feb-16 1.43 3.94 4.96 4.72 6.11 6.81
2015 Jan-16 1.41 3.96 4.97 4.72 6.11 6.81
               
2015 Dec-15 1.39 3.98 5.00 4.72 6.11 6.81
2015 Nov-15 1.36 3.99 5.02 4.72 6.11 6.81
2015 Oct-15 1.35 4.01 5.04 4.72 6.11 6.81
2015 Sep-15 1.34 4.03 5.06 4.72 6.11 6.81
2015 Aug-15 1.32 4.06 5.09 4.72 6.11 6.81
2015 Jul-15 1.31 4.07 5.10 4.72 6.11 6.81
2015 Jun-15 1.30 4.07 5.11 4.72 6.11 6.81
2015 May-15 1.28 4.07 5.11 4.72 6.11 6.81
2015 Apr-15 1.26 4.07 5.13 4.72 6.11 6.81
2015 Mar-15 1.25 4.08 5.15 4.72 6.11 6.81
2015 Feb-15 1.23 4.10 5.18 4.72 6.11 6.81
2015 Jan-15 1.22 4.11 5.20 4.72 6.11 6.81
               
2015 Dec-14 1.20 4.10 5.20 4.72 6.11 6.81
2015 Nov-14 1.18 4.08 5.18 4.72 6.11 6.81
2015 Oct-14 1.17 4.07 5.17 4.72 6.11 6.81
2015 Sep-14 1.15 4.06 5.15 4.72 6.11 6.81
  Applicable Month First
Segment
Second
Segment
Third
Segment
First
Segment
Second
Segment
Third
Segment
2014 Jan-16 1.41 3.96 4.97 4.99 6.32 6.99
               
2014 Dec-15 1.39 3.98 5.00 4.99 6.32 6.99
2014 Nov-15 1.36 3.99 5.02 4.99 6.32 6.99
2014 Oct-15 1.35 4.01 5.04 4.99 6.32 6.99
2014 Sep-15 1.34 4.03 5.06 4.99 6.32 6.99
2014 Aug-15 1.32 4.06 5.09 4.99 6.32 6.99
2014 Jul-15 1.31 4.07 5.10 4.99 6.32 6.99
2014 Jun-15 1.30 4.07 5.11 4.99 6.32 6.99
2014 May-15 1.28 4.07 5.11 4.99 6.32 6.99
2014 Apr-15 1.26 4.07 5.13 4.99 6.32 6.99
2014 Mar-15 1.25 4.08 5.15 4.99 6.32 6.99
2014 Feb-15 1.23 4.10 5.18 4.99 6.32 6.99
2014 Jan-15 1.22 4.11 5.20 4.99 6.32 6.99
               
2014 Dec-14 1.20 4.10 5.20 4.99 6.32 6.99
2014 Nov-14 1.18 4.08 5.18 4.99 6.32 6.99
2014 Oct-14 1.17 4.07 5.17 4.99 6.32 6.99
2014 Sep-14 1.15 4.06 5.15 4.99 6.32 6.99
2014 Aug-14 1.15 4.06 5.14 4.99 6.32 6.99
2014 Jul-14 1.14 4.04 5.11 4.99 6.32 6.99
2014 Jun-14 1.16 4.04 5.11 4.99 6.32 6.99
2014 May-14 1.18 4.05 5.11 4.99 6.32 6.99
2014 Apr-14 1.19 4.06 5.11 4.99 6.32 6.99
2014 Mar-14 1.20 4.06 5.10 4.99 6.32 6.99
2014 Feb-14 1.22 4.06 5.09 4.99 6.32 6.99
2014 Jan-14 1.25 4.06 5.08 4.99 6.32 6.99
               
2014 Dec-13 1.28 4.05 5.07 4.99 6.32 6.99
2014 Nov-13 1.31 4.05 5.05 4.99 6.32 6.99
2014 Oct-13 1.35 4.05 5.05 4.99 6.32 6.99
2014 Sep-13 1.37 4.05 5.06 4.99 6.32 6.99

Please see the Historical Funding Segment Rate Tables for segment rate information applicable to plan years beginning before 2014.

Page Last Reviewed or Updated: 10-Feb-2017