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. This page provides funding segment rates for plan years beginning before 2014. See Funding Yield Curve Segment Rates, Funding Table 1 and Funding Table 2 for information on applicable minimum and maximum percentages, 25-year average segment rates, and the resulting permissible corridors based on HATFA/BBA, and Funding Table 3 for segment rates for plan years beginning after 2013. See Historical Funding Tables 1 – 3, MAP-21 for certain electing plans, below. See Historical Funding Table 4 or Table 5 for rate information applicable to plan years beginning before 2012. Historical Funding Table 3 Historical 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 applicable maximum and applicable minimum percentages of the 25-year average segment rates for plan years beginning before 2014. However, see Table 3 - MAP-21 for certain electing plans. 24-month average segment rates not adjusted For Plan Years Beginning In Applicable Month First Segment Second Segment Third Segment 2013 Jan-15 1.22 4.11 5.20 2013 Dec-14 1.20 4.10 5.20 2013 Nov-14 1.18 4.08 5.18 2013 Oct-14 1.17 4.07 5.17 2013 Sep-14 1.15 4.06 5.15 2013 Aug-14 1.15 4.06 5.14 2013 Jul-14 1.14 4.04 5.11 2013 Jun-14 1.16 4.04 5.11 2013 May-14 1.18 4.05 5.11 2013 Apr-14 1.19 4.06 5.11 2013 Mar-14 1.20 4.06 5.10 2013 Feb-14 1.22 4.06 5.09 2013 Jan-14 1.25 4.06 5.08 2013 Dec-13 1.28 4.05 5.07 2013 Nov-13 1.31 4.05 5.05 2013 Oct-13 1.35 4.05 5.05 2013 Sep-13 1.37 4.05 5.06 2013 Aug-13 1.39 4.05 5.08 2013 Jul-13 1.41 4.07 5.11 2013 Jun-13 1.43 4.10 5.15 2013 May-13 1.46 4.15 5.20 2013 Apr-13 1.50 4.22 5.26 2013 Mar-13 1.54 4.28 5.32 2013 Feb-13 1.58 4.34 5.38 2013 Jan-13 1.62 4.40 5.45 2013 Dec-12 1.66 4.47 5.52 2013 Nov-12 1.69 4.53 5.60 2013 Oct-12 1.72 4.58 5.67 2013 Sep-12 1.75 4.62 5.72 2012 Jan-14 1.25 4.06 5.08 2012 Dec-13 1.28 4.05 5.07 2012 Nov-13 1.31 4.05 5.05 2012 Oct-13 1.35 4.05 5.05 2012 Sep-13 1.37 4.05 5.06 2012 Aug-13 1.39 4.05 5.08 2012 Jul-13 1.41 4.07 5.11 2012 Jun-13 1.43 4.10 5.15 2012 May-13 1.46 4.15 5.20 2012 Apr-13 1.50 4.22 5.26 2012 Mar-13 1.54 4.28 5.32 2012 Feb-13 1.58 4.34 5.38 2012 Jan-13 1.62 4.40 5.45 2012 Dec-12 1.66 4.47 5.52 2012 Nov-12 1.69 4.53 5.60 2012 Oct-12 1.72 4.58 5.67 2012 Sep-12 1.75 4.62 5.72 2012 Aug-12 1.77 4.67 5.78 2012 Jul-12 1.81 4.73 5.85 2012 Jun-12 1.84 4.79 5.90 2012 May-12 1.87 4.84 5.96 2012 Apr-12 1.90 4.90 6.01 2012 Mar-12 1.93 4.95 6.07 2012 Feb-12 1.96 5.01 6.13 2012 Jan-12 1.98 5.07 6.19 2012 Dec-11 1.99 5.12 6.24 2012 Nov-11 2.01 5.16 6.28 2012 Oct-11 2.03 5.20 6.30 2012 Sep-11 2.06 5.25 6.32 Adjusted 24-month average segment rates, based on HATFA/BBA applicable percentage of 25-year average rates For Plan Years Beginning In Applicable Month First Segment Second Segment Third Segment 2013 Jan-15 5.23 6.51 7.16 2013 Dec-14 5.23 6.51 7.16 2013 Nov-14 5.23 6.51 7.16 2013 Oct-14 5.23 6.51 7.16 2013 Sep-14 5.23 6.51 7.16 2013 Aug-14 5.23 6.51 7.16 2013 Jul-14 5.23 6.51 7.16 2013 Jun-14 5.23 6.51 7.16 2013 May-14 5.23 6.51 7.16 2013 Apr-14 5.23 6.51 7.16 2013 Mar-14 5.23 6.51 7.16 2013 Feb-14 5.23 6.51 7.16 2013 Jan-14 5.23 6.51 7.16 2013 Dec-13 5.23 6.51 7.16 2013 Nov-13 5.23 6.51 7.16 2013 Oct-13 5.23 6.51 7.16 2013 Sep-13 5.23 6.51 7.16 2013 Aug-13 5.23 6.51 7.16 2013 Jul-13 5.23 6.51 7.16 2013 Jun-13 5.23 6.51 7.16 2013 May-13 5.23 6.51 7.16 2013 Apr-13 5.23 6.51 7.16 2013 Mar-13 5.23 6.51 7.16 2013 Feb-13 5.23 6.51 7.16 2013 Jan-13 5.23 6.51 7.16 2013 Dec-12 5.23 6.51 7.16 2013 Nov-12 5.23 6.51 7.16 2013 Oct-12 5.23 6.51 7.16 2013 Sep-12 5.23 6.51 7.16 2012 Jan-14 5.54 6.85 7.52 2012 Dec-13 5.54 6.85 7.52 2012 Nov-13 5.54 6.85 7.52 2012 Oct-13 5.54 6.85 7.52 2012 Sep-13 5.54 6.85 7.52 2012 Aug-13 5.54 6.85 7.52 2012 Jul-13 5.54 6.85 7.52 2012 Jun-13 5.54 6.85 7.52 2012 May-13 5.54 6.85 7.52 2012 Apr-13 5.54 6.85 7.52 2012 Mar-13 5.54 6.85 7.52 2012 Feb-13 5.54 6.85 7.52 2012 Jan-13 5.54 6.85 7.52 2012 Dec-12 5.54 6.85 7.52 2012 Nov-12 5.54 6.85 7.52 2012 Oct-12 5.54 6.85 7.52 2012 Sep-12 5.54 6.85 7.52 2012 Aug-12 5.54 6.85 7.52 2012 Jul-12 5.54 6.85 7.52 2012 Jun-12 5.54 6.85 7.52 2012 May-12 5.54 6.85 7.52 2012 Apr-12 5.54 6.85 7.52 2012 Mar-12 5.54 6.85 7.52 2012 Feb-12 5.54 6.85 7.52 2012 Jan-12 5.54 6.85 7.52 2012 Dec-11 5.54 6.85 7.52 2012 Nov-11 5.54 6.85 7.52 2012 Oct-11 5.54 6.85 7.52 2012 Sep-11 5.54 6.85 7.52 For certain electing plans, Historical Funding Table 1 – MAP-21 lists the MAP-21 applicable minimum and maximum percentages for plan years beginning in 2013 (see Section 2003(e)(2) of HATFA). Historical Funding Table 1 - MAP-21 Plan Years Beginning in Applicable Minimum Applicable Maximum 2013 85% 115% Historical Funding Table 2 - MAP-21 Historical Funding Table 2 – MAP-21 lists the 25-year average segment rates and the corridor of the MAP-21 applicable minimum and maximum percentages for the 24-month segment rates for plan years beginning in 2013. These rates apply to a plan to the extent the plan sponsor has made an election pursuant to Section 2003(e)(2) of HATFA to defer the application of the HAFTA amendments until plan years beginning in 2014. 25-Year segment rates Plan Years Beginning in First Segment Second Segment Third Segment 2013 5.81 7.23 7.95 Permissible Corridor Based on MAP-21 Applicable Minimum and Maximum Percentages Plan Years Beginning in First Segment Second Segment Third Segment 2013 4.94 to 6.68 6.15 to 8.31 6.76 to 9.14 Historical Funding Table 3 - MAP-21 Historical Funding Table 3 - MAP-21 lists the 24-month average segment rates adjusted by MAP-21 applicable maximum and applicable minimum percentages of the 25-year average segment rates. These rates apply to a plan to the extent the plan sponsor has made an election pursuant to Section 2003(e)(2) of HATFA to defer the application of the HAFTA amendments until plan years beginning in 2014. Adjusted 24-month average segment rates, based on MAP-21 applicable percentage of 25-year average rates For Plan Years Beginning In Applicable Month First Segment Second Segment Third Segment 2013 Jan-15 4.94 6.15 6.76 2013 Dec-14 4.94 6.15 6.76 2013 Nov-14 4.94 6.15 6.76 2013 Oct-14 4.94 6.15 6.76 2013 Sep-14 4.94 6.15 6.76 2013 Aug-14 4.94 6.15 6.76 2013 Jul-14 4.94 6.15 6.76 2013 Jun-14 4.94 6.15 6.76 2013 May-14 4.94 6.15 6.76 2013 Apr-14 4.94 6.15 6.76 2013 Mar-14 4.94 6.15 6.76 2013 Feb-14 4.94 6.15 6.76 2013 Jan-14 4.94 6.15 6.76 2013 Dec-13 4.94 6.15 6.76 2013 Nov-13 4.94 6.15 6.76 2013 Oct-13 4.94 6.15 6.76 2013 Sep-13 4.94 6.15 6.76 2013 Aug-13 4.94 6.15 6.76 2013 Jul-13 4.94 6.15 6.76 2013 Jun-13 4.94 6.15 6.76 2013 May-13 4.94 6.15 6.76 2013 Apr-13 4.94 6.15 6.76 2013 Mar-13 4.94 6.15 6.76 2013 Feb-13 4.94 6.15 6.76 2013 Jan-13 4.94 6.15 6.76 2013 Dec-12 4.94 6.15 6.76 2013 Nov-12 4.94 6.15 6.76 2013 Oct-12 4.94 6.15 6.76 2013 Sep-12 4.94 6.15 6.76 Historical Funding Table 4 lists the 24-month average segment rates for the stated applicable months not adjusted by a percentage of any 25-year average rates, and without reference to the transitional segment rates under Section 430(h)(2)(G). Historical Funding Table 4 24-month segment rates Applicable Month/Year First Segment Second Segment Third Segment Dec-11 1.99 5.12 6.24 Nov-11 2.01 5.16 6.28 Oct-11 2.03 5.20 6.30 Sep-11 2.06 5.25 6.32 Aug-11 2.11 5.31 6.32 Jul-11 2.18 5.36 6.33 Jun-11 2.27 5.43 6.34 May-11 2.38 5.51 6.36 Apr-11 2.51 5.59 6.38 Mar-11 2.67 5.69 6.44 Feb-11 2.81 5.76 6.46 Jan-11 2.94 5.82 6.46 Dec-10 3.14 5.90 6.45 Nov-10 3.37 6.04 6.49 Oct-10 3.61 6.20 6.53 Sep-10 3.78 6.31 6.57 Aug-10 3.92 6.40 6.61 Jul-10 4.05 6.47 6.65 Jun-10 4.16 6.52 6.68 May-10 4.26 6.56 6.70 Apr-10 4.35 6.59 6.72 Mar-10 4.44 6.62 6.74 Feb-10 4.51 6.64 6.75 Jan-10 4.60 6.65 6.76 Dec-09 4.71 6.67 6.77 Nov-09 4.81 6.69 6.78 Oct-09 4.92 6.71 6.80 Sep-09 5.03 6.73 6.82 Aug-09 5.12 6.74 6.83 Jul-09 5.21 6.74 6.84 Jun-09 5.28 6.72 6.84 May-09 5.33 6.68 6.82 Apr-09 5.33 6.62 6.80 Mar-09 5.31 6.54 6.73 Feb-09 5.31 6.49 6.69 Jan-09 5.32 6.45 6.69 Dec-08 5.25 6.38 6.68 Nov-08 5.17 6.28 6.62 Oct-08 5.09 6.16 6.58 Sep-08 5.07 6.09 6.56 Aug-08 5.08 6.06 6.55 Jul-08 5.10 6.03 6.54 Jun-08 5.13 6.01 6.53 May-08 5.16 6.00 6.53 Apr-08 5.20 5.99 6.52 Mar-08 5.24 5.97 6.49 Feb-08 5.28 5.95 6.45 Jan-08 5.31 5.92 6.43 Dec-07 5.31 5.90 6.41 Nov-07 5.31 5.88 6.40 Oct-07 5.29 5.86 6.40 Sep-07 5.26 5.82 6.38 The funding transitional segment rates of Section 430(h)(2)(G) are used for minimum funding requirements for plan years beginning before 2010 if the 24-month rates above do not apply and if no election is made under Section 430(h)(2)(D)(ii) to use the full yield curve. The transitional segment rates take into account blending with the Corporate Bond Weighted Average as determined under Section 412(b)(5)(B)(ii)(II) as in effect for plan years beginning in 2007. Historical Funding Table 5 Historical Funding Table 5 lists the transitional segment rates for the plan years beginning in the stated year with respect to the applicable month and year listed. Month/Year Plan Year First Segment Second Segment Third Segment Dec-10 2009 4.14 5.98 6.35 Nov-10 2009 4.30 6.08 6.38 Oct-10 2009 4.48 6.20 6.42 Sep-10 2009 4.60 6.29 6.46 Aug-10 2009 4.71 6.36 6.50 Jul-10 2009 4.81 6.42 6.54 Jun-10 2009 4.89 6.46 6.57 May-10 2009 4.96 6.50 6.59 Apr-10 2009 5.03 6.52 6.61 Mar-10 2009 5.09 6.55 6.63 Feb-10 2009 5.14 6.56 6.64 Jan-10 2009 5.21 6.57 6.65 Dec-09 2008 5.85 6.50 6.54 Dec-09 2009 5.28 6.59 6.65 Nov-09 2008 5.90 6.52 6.55 Nov-09 2009 5.35 6.61 6.67 Oct-09 2008 5.95 6.54 6.57 Oct-09 2009 5.43 6.63 6.69 Sep-09 2008 5.99 6.56 6.59 Sep-09 2009 5.51 6.64 6.70 Aug-09 2008 6.03 6.57 6.60 Aug-09 2009 5.57 6.65 6.71 Jul-09 2008 6.05 6.56 6.59 Jul-09 2009 5.63 6.65 6.72 Jun-09 2008 6.07 6.55 6.59 Jun-09 2009 5.67 6.63 6.71 May-09 2008 6.06 6.51 6.56 May-09 2009 5.70 6.60 6.69 Apr-09 2008 6.04 6.47 6.53 Apr-09 2009 5.68 6.54 6.66 Mar-09 2008 6.00 6.41 6.48 Mar-09 2009 5.66 6.48 6.60 Feb-09 2008 5.98 6.38 6.44 Feb-09 2009 5.65 6.43 6.57 Jan-09 2008 5.97 6.34 6.42 Jan-09 2009 5.64 6.40 6.56 Dec-08 2008 5.93 6.31 6.41 Dec-08 2009 5.59 6.34 6.54 Nov-08 2008 5.86 6.23 6.34 Nov-08 2009 5.51 6.25 6.48 Oct-08 2008 5.79 6.15 6.29 Oct-08 2009 5.44 6.15 6.43 Sep-08 2008 5.76 6.10 6.25 Sep-08 2009 5.41 6.09 6.41 Aug-08 2008 5.74 6.07 6.23 Jul-08 2008 5.73 6.04 6.21 Jun-08 2008 5.72 6.02 6.19 May-08 2008 5.72 6.00 6.18 Apr-08 2008 5.73 5.99 6.17 Mar-08 2008 5.72 5.96 6.14 Feb-08 2008 5.72 5.94 6.11 Jan-08 2008 5.72 5.92 6.09 Dec-07 2008 5.70 5.90 6.07 Nov-07 2008 5.70 5.89 6.06 Oct-07 2008 5.68 5.87 6.05 Sep-07 2008 5.66 5.85 6.03
