IRS Notice: Interest Rates, Yield Rates, Segment Rates for Pension Plan Minimum Funding (IRC §412)

Updates to corporate bond monthly yield curve, corresponding spot segment rates, 24-month average segment rates, interest rate on 30-year Treasury securities for plan years beginning before 2008, and the 30-year Treasury weighted average rate, the IRS provided May 19. The IRS determined: (1) the monthly corporate bond yield curve derived from April 2022 data; (2) the three 24-month average corporate bond segment rates applicable for May 2022 without adjustment for the 25-year average segment rate limits; (3) the 24-month averages applicable for May 2022, adjusted to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment ...