26 CFR 1.430(h)(3)-1 - Mortality tables used to determine present value.

§ 1.430(h)(3)-1 Mortality tables used to determine present value.

(a)Basis for mortality tables -

(1)In general. Pursuant to section 430(h)(3)(A), this section provides generally applicable mortality tables that are used to determine present value for purposes of section 430, and rules regarding the use of those mortality tables. Either the generational mortality tables under paragraph (a)(2) of this section or the static mortality tables under paragraph (a)(3) of this section may be used for a plan. In lieu of using the mortality tables provided under this section, 77plan-specific substitute mortality tables may be used pursuant to section 430(h)(3)(C), provided that the requirements of § 1.430(h)(3)-2 are satisfied. Mortality tables that may be used with respect to disabled individuals are provided in guidance published in the Internal Revenue Bulletin. See § 601.601(d)(2)(ii)(b) of this chapter.

(2)Generational mortality tables -

(i)In general -

(A)Use of generational mortality tables. The generational mortality tables that are permitted to be used under section 430(h)(3)(A) and paragraph (a)(1) of this section are determined using the base mortality tables described in paragraph (a)(2)(i)(B) of this section and the mortality improvement rates described in paragraph (a)(2)(i)(C) of this section.

(B)Base mortality tables. The base mortality tables are set forth in paragraph (d) of this section. The base year for those tables is 2006.

(C)Mortality improvement rates. The mortality improvement rates for valuation dates occurring during 2018 are the mortality improvement rates contained in the Mortality Improvement Scale MP-2016 Report (issued by the Retirement Plans Experience Committee (RPEC) of the Society of Actuaries and available at www.soa.org/Research/Experience-Study/Pension/research-2016-mp.aspx). For later years, updated mortality improvement rates that take into account new data for mortality improvement trends of the general population will be provided in guidance published in the Internal Revenue Bulletin. See § 601.601(d)(2)(ii)(b) of this chapter.

(D)Application of mortality improvement rates. Under the generational mortality tables described in this paragraph (a)(2), the probability of an individual's death at a particular age in the future is determined as the individual's base mortality rate that applies at that age (that is, the applicable mortality rate from the table set forth in paragraph (d) of this section for that age, gender, and status as an annuitant or a nonannuitant) multiplied by the cumulative mortality improvement factor for the individual's gender and for that age for the period from 2006 through the calendar year in which the individual is projected to reach the particular age. Paragraph (a)(2)(ii) of this section shows how the base mortality tables in paragraph (d) of this section and the mortality improvement rates for valuation dates occurring during 2018 are combined to determine projected mortality rates.

(E)Cumulative mortality improvement factor. The cumulative mortality improvement factor for an age and gender for a period is the product of the annual mortality improvement factors for that age and gender for each year within that period.

(F)Annual mortality improvement factor. The annual mortality improvement factor for an age and gender for a year is 1 minus the mortality improvement rate that applies for that age and gender for that year.

(ii)Example of calculation -

(A)Calculation of mortality rate. The mortality rate for 2018 that is applied to male annuitants who are age 66 in 2018 is equal to the product of the mortality rate for 2006 that applied to male annuitants who were age 66 in 2006 (0.013855) and the cumulative mortality improvement factor for age 66 males from 2006 to 2018. The cumulative mortality improvement factor for age 66 males for the period from 2006 to 2018 is 0.8929, and the mortality rate for 2018 for male annuitants who are age 66 in that year would be 0.012371, as shown in the following table.

Calendar year Scale MP-2016 mortality improvement rate Annual
mortality
improvement
factor
(1- scale MP-2016 rate)
Cumulative
mortality
improvement
factor
Mortality rate
2006 n/a n/a n/a 0.013855
2007 0.0237 0.9763 0.9763
2008 0.0211 0.9789 0.9557
2009 0.0180 0.9820 0.9385
2010 0.0142 0.9858 0.9252
2011 0.0099 0.9901 0.9160
2012 0.0053 0.9947 0.9112
2013 0.0043 0.9957 0.9072
2014 0.0035 0.9965 0.9041
2015 0.0030 0.9970 0.9014
2016 0.0028 0.9972 0.8988
2017 0.0030 0.9970 0.8961
2018 0.0036 0.9964 0.8929 0.012371

(B)Probability of survival for an individual. After the projected mortality rates are derived for each age for each year, the rates are used to calculate the present value of a benefit stream that depends on the probability of survival year-by-year. For example, for purposes of calculating the present value (for a 2018 valuation date) of future payments in a benefit stream payable for a male annuitant who is age 66 in 2018, the probability of survival for the annuitant is based on the mortality rate for a male annuitant who is age 66 in 2018 (0.012371), and the projected mortality rate for a male annuitant who will be age 67 in 2019 (0.013302), age 68 in 2020 (0.014321), and so on.

(3)Static mortality tables. The static mortality tables that are permitted to be used under section 430(h)(3)(A) and paragraph (a)(1) of this section are updated annually by the IRS according to the methodology described in paragraph (c)(2) of this section. Paragraph (e) of this section sets forth static tables that are permitted to be used for valuation dates in 2018. For valuation dates in later years, static mortality tables will be provided in guidance published in the Internal Revenue Bulletin. See § 601.601(d)(2)(ii)(b) of this chapter.

(b)Use of the tables -

(1)Separate tables for annuitants and nonannuitants -

(i)In general. Separate tables are provided for use for annuitants and non annuitants. The nonannuitant mortality table is applied to determine the probability of survival for a nonannuitant for the period before the nonannuitant is projected to commence receiving benefits. The annuitant mortality table is applied to determine the present value of benefits for each annuitant. In addition, the annuitant mortality table is applied for each nonannuitant with respect to each assumed commencement of benefits for the period beginning with that assumed commencement. For purposes of this section, an annuitant means a plan participant who has commenced receiving benefits, and a nonannuitant means a plan participant who has not yet commenced receiving benefits (for example, an active employee or a terminated vested participant). A participant whose benefit has partially commenced is treated as an annuitant with respect to the portion of the benefit that has commenced and treated as a nonannuitant with respect to the balance of the benefit. In addition, with respect to a beneficiary of a participant, the annuitant mortality table applies for the period beginning with each assumed commencement of benefits for the participant. If the participant has died (or to the extent the participant is assumed to die before commencing benefits), the annuitant mortality table applies with respect to the beneficiary for the period beginning with each assumed commencement of benefits for the beneficiary.

(ii)Examples of calculation using separate annuitant and nonannuitant tables. With respect to a 45-year-old active participant who is projected to commence receiving an annuity at age 55, the funding target is determined using the nonannuitant mortality table for the period before the participant attains age 55 (so that, if the static mortality tables are used pursuant to paragraph (a)(3) of this section, the probability of an active male participant living from age 45 to age 55 using the table that applies for a valuation date in 2018 is 0.988857) and using the annuitant mortality table for the period ages 55 and above. Similarly, for a 45-year-old terminated vested participant who is projected to commence an annuity at age 65, the funding target is determined using the nonannuitant mortality table for the period before the participant attains age 65 and using the annuitant mortality table for ages 65 and above.

(2)Small plan tables. If static mortality tables are used pursuant to paragraph (a)(3) of this section, as an alternative to the separate static tables specified for annuitants and non annuitants pursuant to paragraph (b)(1) of this section, combined static tables that apply the same mortality rates to both annuitants and non annuitants are permitted to be used for a small plan. For this purpose, a small plan is defined as a plan with 500 or fewer total participants (including both active and inactive participants and beneficiaries of deceased participants) on the valuation date. The combined static tables that are permitted to be used for small plans pursuant to this paragraph (b)(2) are constructed from the separate nonannuitant and annuitant static mortality tables using the weighting factors for small plans that are set forth in paragraph (d) of this section. The weighting factors are applied to develop these combined static tables using the following equation: Combined mortality rate = [nonannuitant rate * (1 − weighting factor)] [annuitant rate * weighting factor].

(c)Static tables -

(1)Source of rates. The static mortality tables that are used pursuant to paragraph (a)(3) of this section are determined using the base mortality tables described in paragraph (a)(2)(i)(B) of this section taking into account the mortality improvement rates described in paragraph (a)(2)(i)(C) of this section, in accordance with the rules of paragraph (c)(3) of this section.

(2)Selection of static tables. The static mortality tables that are used for a valuation date are the static mortality tables for the calendar year that contains the valuation date.

(3)Projection of mortality improvements -

(i)General rule. Except as provided in paragraph (c)(3)(iii) of this section, the static mortality tables for a calendar year are determined by multiplying the applicable mortality rate for each age from the base mortality tables by both -

(A) The cumulative mortality improvement factor (determined under the rules of paragraph (a)(2) of this section) for the period from 2006 through that calendar year; and

(B) The cumulative mortality improvement factor (determined under the rules of paragraph (a)(2) of this section) for the period beginning in that calendar year and continuing beyond that calendar year for the number of years in the projection period described in paragraph (c)(3)(ii) of this section.

(ii)Projection period for static mortality tables -

(A)In general. The projection period is 8 years for males and 9 years for females, as adjusted based on age as provided in paragraph (c)(3)(ii)(B) of this section.

(B)Age adjustment. For ages below 80, the projection period is increased by 1 year for each year below age 80. For ages above 80, the projection period is reduced (but not below zero) by 1/3 year for each year above 80.

(iii)Fractional projection periods. If for an age the number of years in the projection period determined under this paragraph (c)(3) is not a whole number, then the mortality rate for that age is determined by using linear interpolation between -

(A) The mortality rate for that age that would be determined under paragraph (c)(3)(i) of this section if the number of years in the projection period were the next lower whole number; and

(B) The mortality rate for that age that would be determined under paragraph (c)(3)(i) of this section if the number of years in the projection period were the next higher whole number.

(iv)Example. The following example illustrates how the mortality rates in the static mortality tables issued under the provisions of this paragraph (c) are calculated:

Example.
At age 85, the projection period for a male is 6 1/3 years (8 years minus 1/3 year for each of the 5 years above age 80). For a valuation date in 2018, the mortality rate in the static mortality table for an 85-year-old male is based on a projection of mortality improvement for 6 1/3 years beyond 2018. Under paragraph (c)(3)(iii) of this section, the mortality rate for an 85-year-old male annuitant in the static mortality table for 2018 is 2/3 times the projected mortality rate for a male annuitant that age in 2024 plus 1/3 times the projected mortality rate for a male annuitant that age in 2025. Accordingly, the mortality rate for an 85-year-old male annuitant in the static mortality table for 2018 is 0.075196 ( 2/3 times the projected mortality rate for an 85-year old male annuitant in 2024 (0.075447) plus 1/3 times the projected mortality rate for an 85-year old male annuitant in 2025 (0.074693)).

(d)Base mortality tables. The following are the base mortality tables. The base year for these tables is 2006.

Age Males Females
Non-annuitant Annuitant Weighting
factor for small plans
Non-annuitant Annuitant Weighting
factor for small plans
0 0.008878 0.008878 0 0.007278 0.007278 0
1 0.000515 0.000515 0 0.000451 0.000451 0
2 0.000348 0.000348 0 0.000295 0.000295 0
3 0.000289 0.000289 0 0.000220 0.000220 0
4 0.000225 0.000225 0 0.000165 0.000165 0
5 0.000197 0.000197 0 0.000149 0.000149 0
6 0.000177 0.000177 0 0.000137 0.000137 0
7 0.000156 0.000156 0 0.000127 0.000127 0
8 0.000132 0.000132 0 0.000117 0.000117 0
9 0.000107 0.000107 0 0.000109 0.000109 0
10 0.000090 0.000090 0 0.000102 0.000102 0
11 0.000095 0.000095 0 0.000105 0.000105 0
12 0.000142 0.000142 0 0.000121 0.000121 0
13 0.000187 0.000187 0 0.000137 0.000137 0
14 0.000230 0.000230 0 0.000151 0.000151 0
15 0.000274 0.000274 0 0.000165 0.000165 0
16 0.000318 0.000318 0 0.000177 0.000177 0
17 0.000364 0.000364 0 0.000187 0.000187 0
18 0.000412 0.000412 0 0.000196 0.000196 0
19 0.000463 0.000463 0 0.000202 0.000202 0
20 0.000510 0.000510 0 0.000202 0.000202 0
21 0.000552 0.000552 0 0.000197 0.000197 0
22 0.000587 0.000587 0 0.000191 0.000191 0
23 0.000599 0.000599 0 0.000190 0.000190 0
24 0.000594 0.000594 0 0.000188 0.000188 0
25 0.000545 0.000545 0 0.000186 0.000186 0
26 0.000510 0.000510 0 0.000186 0.000186 0
27 0.000486 0.000486 0 0.000188 0.000188 0
28 0.000472 0.000472 0 0.000192 0.000192 0
29 0.000468 0.000468 0 0.000198 0.000198 0
30 0.000470 0.000470 0 0.000209 0.000209 0
31 0.000480 0.000480 0 0.000222 0.000222 0
32 0.000495 0.000495 0 0.000238 0.000238 0
33 0.000514 0.000514 0 0.000257 0.000257 0
34 0.000534 0.000534 0 0.000278 0.000278 0
35 0.000557 0.000557 0 0.000301 0.000301 0
36 0.000581 0.000581 0 0.000325 0.000325 0
37 0.000611 0.000611 0 0.000355 0.000355 0
38 0.000648 0.000648 0 0.000389 0.000389 0
39 0.000694 0.000694 0 0.000428 0.000428 0
40 0.000750 0.000750 0 0.000471 0.000471 0
41 0.000814 0.000823 .0045 0.000518 0.000515 0
42 0.000890 0.000969 .0091 0.000570 0.000603 0
43 0.000982 0.001188 .0136 0.000628 0.000735 0
44 0.001088 0.001480 .0181 0.000691 0.000911 0
45 0.001207 0.001846 .0226 0.000758 0.001131 .0084
46 0.001342 0.002285 .0272 0.000831 0.001395 .0167
47 0.001487 0.002797 .0317 0.000908 0.001703 .0251
48 0.001643 0.003382 .0362 0.000986 0.002055 .0335
49 0.001807 0.004040 .0407 0.001065 0.002451 .0419
50 0.001979 0.004771 .0453 0.001151 0.002891 .0502
51 0.002159 0.005059 .0498 0.001242 0.002993 .0586
52 0.002351 0.005343 .0686 0.001344 0.003124 .0744
53 0.002539 0.005592 .0953 0.001458 0.003291 .0947
54 0.002741 0.005839 .1288 0.001588 0.003499 .1189
55 0.002967 0.006102 .2066 0.001735 0.003755 .1897
56 0.003231 0.006399 .3173 0.001902 0.004065 .2857
57 0.003548 0.006746 .3780 0.002091 0.004435 .3403
58 0.003932 0.007155 .4401 0.002302 0.004869 .3878
59 0.004396 0.007639 .4986 0.002537 0.005373 .4360
60 0.004954 0.008211 .5633 0.002795 0.005942 .4954
61 0.005616 0.008878 .6338 0.003080 0.006581 .5805
62 0.006392 0.009646 .7103 0.003388 0.007283 .6598
63 0.007291 0.010523 .7902 0.003724 0.008043 .7520
64 0.008320 0.011514 .8355 0.004089 0.008870 .8043
65 0.009486 0.012621 .8832 0.004482 0.009760 .8552
66 0.010668 0.013855 .9321 0.005004 0.010731 .9118
67 0.011973 0.015221 .9510 0.005575 0.011790 .9367
68 0.013414 0.016736 .9639 0.006205 0.012952 .9523
69 0.015006 0.018421 .9714 0.006898 0.014226 .9627
70 0.016761 0.020288 .9740 0.007662 0.015628 .9661
71 0.018690 0.022348 .9766 0.008507 0.017170 .9695
72 0.020824 0.024638 .9792 0.009438 0.018861 .9729
73 0.023176 0.027176 .9818 0.010470 0.020723 .9763
74 0.025770 0.029992 .9844 0.011615 0.022780 .9797
75 0.028623 0.033113 .9870 0.012887 0.025057 .9830
76 0.031761 0.036585 .9896 0.014301 0.027590 .9864
77 0.035214 0.040457 .9922 0.015885 0.030438 .9898
78 0.039007 0.044778 .9948 0.017656 0.033653 .9932
79 0.043169 0.049605 .9974 0.019639 0.037296 .9966
80 0.047750 0.055022 1.0 0.021859 0.041440 1.0
81 0.049804 0.061087 1.0 0.023791 0.046181 1.0
82 0.053911 0.067902 1.0 0.027655 0.051564 1.0
83 0.060072 0.075550 1.0 0.033451 0.057714 1.0
84 0.068286 0.084162 1.0 0.041179 0.064709 1.0
85 0.078554 0.093775 1.0 0.050838 0.072601 1.0
86 0.090876 0.104507 1.0 0.062429 0.081490 1.0
87 0.105251 0.116487 1.0 0.075952 0.091444 1.0
88 0.121680 0.129770 1.0 0.091407 0.102470 1.0
89 0.140162 0.144470 1.0 0.108794 0.114635 1.0
90 0.160698 0.160698 1.0 0.128113 0.128113 1.0
91 0.177741 0.177741 1.0 0.142619 0.142619 1.0
92 0.195154 0.195154 1.0 0.157939 0.157939 1.0
93 0.212642 0.212642 1.0 0.173886 0.173886 1.0
94 0.230055 0.230055 1.0 0.190319 0.190319 1.0
95 0.247257 0.247257 1.0 0.207191 0.207191 1.0
96 0.265940 0.265940 1.0 0.225057 0.225057 1.0
97 0.284940 0.284940 1.0 0.243507 0.243507 1.0
98 0.304432 0.304432 1.0 0.262587 0.262587 1.0
99 0.324272 0.324272 1.0 0.282171 0.282171 1.0
100 0.344364 0.344364 1.0 0.302162 0.302162 1.0
101 0.364420 0.364420 1.0 0.322282 0.322282 1.0
102 0.384058 0.384058 1.0 0.342371 0.342371 1.0
103 0.403188 0.403188 1.0 0.362210 0.362210 1.0
104 0.421533 0.421533 1.0 0.381534 0.381534 1.0
105 0.438903 0.438903 1.0 0.400321 0.400321 1.0
106 0.455492 0.455492 1.0 0.418418 0.418418 1.0
107 0.470810 0.470810 1.0 0.435390 0.435390 1.0
108 0.484965 0.484965 1.0 0.451459 0.451459 1.0
109 0.498023 0.498023 1.0 0.466408 0.466408 1.0
110 0.509768 0.509768 1.0 0.480123 0.480123 1.0
111 0.512472 0.512472 1.0 0.492664 0.492664 1.0
112 0.509296 0.509296 1.0 0.503970 0.503970 1.0
113 0.506193 0.506193 1.0 0.507361 0.507361 1.0
114 0.503061 0.503061 1.0 0.503564 0.503564 1.0
115 0.500000 0.500000 1.0 0.500000 0.500000 1.0
116 0.500000 0.500000 1.0 0.500000 0.500000 1.0
117 0.500000 0.500000 1.0 0.500000 0.500000 1.0
118 0.500000 0.500000 1.0 0.500000 0.500000 1.0
119 0.500000 0.500000 1.0 0.500000 0.500000 1.0
120 1.000000 1.000000 1.0 1.000000 1.000000 1.0

(e)Static tables for 2018. The following static mortality tables are used pursuant to paragraph (a)(3) of this section for determining present value or making any computation under section 430 with respect to valuation dates occurring during 2018.

Age Males Females
Non-annuitant Annuitant Optional
combined
table for
small plans
Non-annuitant Annuitant Optional
combined
table for
small plans
0 0.002420 0.002420 0.002420 0.002234 0.002234 0.002234
1 0.000142 0.000142 0.000142 0.000140 0.000140 0.000140
2 0.000097 0.000097 0.000097 0.000092 0.000092 0.000092
3 0.000081 0.000081 0.000081 0.000070 0.000070 0.000070
4 0.000064 0.000064 0.000064 0.000053 0.000053 0.000053
5 0.000056 0.000056 0.000056 0.000048 0.000048 0.000048
6 0.000051 0.000051 0.000051 0.000045 0.000045 0.000045
7 0.000046 0.000046 0.000046 0.000042 0.000042 0.000042
8 0.000039 0.000039 0.000039 0.000039 0.000039 0.000039
9 0.000032 0.000032 0.000032 0.000037 0.000037 0.000037
10 0.000027 0.000027 0.000027 0.000035 0.000035 0.000035
11 0.000029 0.000029 0.000029 0.000036 0.000036 0.000036
12 0.000044 0.000044 0.000044 0.000042 0.000042 0.000042
13 0.000058 0.000058 0.000058 0.000048 0.000048 0.000048
14 0.000072 0.000072 0.000072 0.000053 0.000053 0.000053
15 0.000087 0.000087 0.000087 0.000059 0.000059 0.000059
16 0.000102 0.000102 0.000102 0.000064 0.000064 0.000064
17 0.000118 0.000118 0.000118 0.000068 0.000068 0.000068
18 0.000135 0.000135 0.000135 0.000072 0.000072 0.000072
19 0.000153 0.000153 0.000153 0.000075 0.000075 0.000075
20 0.000170 0.000170 0.000170 0.000076 0.000076 0.000076
21 0.000192 0.000192 0.000192 0.000078 0.000078 0.000078
22 0.000214 0.000214 0.000214 0.000080 0.000080 0.000080
23 0.000229 0.000229 0.000229 0.000084 0.000084 0.000084
24 0.000238 0.000238 0.000238 0.000087 0.000087 0.000087
25 0.000230 0.000230 0.000230 0.000090 0.000090 0.000090
26 0.000226 0.000226 0.000226 0.000094 0.000094 0.000094
27 0.000226 0.000226 0.000226 0.000099 0.000099 0.000099
28 0.000230 0.000230 0.000230 0.000105 0.000105 0.000105
29 0.000238 0.000238 0.000238 0.000111 0.000111 0.000111
30 0.000249 0.000249 0.000249 0.000120 0.000120 0.000120
31 0.000263 0.000263 0.000263 0.000130 0.000130 0.000130
32 0.000278 0.000278 0.000278 0.000142 0.000142 0.000142
33 0.000294 0.000294 0.000294 0.000155 0.000155 0.000155
34 0.000309 0.000309 0.000309 0.000168 0.000168 0.000168
35 0.000323 0.000323 0.000323 0.000182 0.000182 0.000182
36 0.000336 0.000336 0.000336 0.000196 0.000196 0.000196
37 0.000350 0.000350 0.000350 0.000213 0.000213 0.000213
38 0.000366 0.000366 0.000366 0.000231 0.000231 0.000231
39 0.000385 0.000385 0.000385 0.000251 0.000251 0.000251
40 0.000410 0.000410 0.000410 0.000273 0.000273 0.000273
41 0.000438 0.000443 0.000438 0.000298 0.000296 0.000298
42 0.000474 0.000516 0.000474 0.000326 0.000344 0.000326
43 0.000518 0.000627 0.000519 0.000358 0.000419 0.000358
44 0.000573 0.000779 0.000577 0.000395 0.000520 0.000395
45 0.000636 0.000973 0.000644 0.000436 0.000651 0.000438
46 0.000712 0.001213 0.000726 0.000484 0.000813 0.000489
47 0.000798 0.001502 0.000820 0.000538 0.001010 0.000550
48 0.000896 0.001844 0.000930 0.000597 0.001245 0.000619
49 0.001005 0.002248 0.001056 0.000661 0.001522 0.000697
50 0.001128 0.002719 0.001200 0.000734 0.001844 0.000790
51 0.001265 0.002963 0.001350 0.000814 0.001961 0.000881
52 0.001418 0.003224 0.001542 0.000903 0.002099 0.000992
53 0.001580 0.003481 0.001761 0.001003 0.002263 0.001122
54 0.001761 0.003751 0.002017 0.001114 0.002454 0.001273
55 0.001964 0.004040 0.002393 0.001235 0.002673 0.001508
56 0.002200 0.004357 0.002884 0.001367 0.002921 0.001811
57 0.002474 0.004704 0.003317 0.001509 0.003200 0.002084
58 0.002796 0.005088 0.003805 0.001661 0.003512 0.002379
59 0.003174 0.005515 0.004341 0.001823 0.003860 0.002711
60 0.003613 0.005989 0.004951 0.001994 0.004238 0.003106
61 0.004122 0.006516 0.005639 0.002181 0.004659 0.003619
62 0.004705 0.007100 0.006406 0.002381 0.005119 0.004188
63 0.005364 0.007742 0.007243 0.002600 0.005616 0.004868
64 0.006111 0.008457 0.008071 0.002842 0.006165 0.005515
65 0.006940 0.009234 0.008966 0.003107 0.006766 0.006236
66 0.007779 0.010103 0.009945 0.003465 0.007430 0.007080
67 0.008697 0.011056 0.010940 0.003863 0.008170 0.007897
68 0.009709 0.012114 0.012027 0.004308 0.008993 0.008770
69 0.010836 0.013302 0.013231 0.004806 0.009912 0.009722
70 0.012093 0.014637 0.014571 0.005366 0.010945 0.010756
71 0.013486 0.016126 0.016064 0.006001 0.012111 0.011925
72 0.015044 0.017799 0.017742 0.006711 0.013412 0.013230
73 0.016794 0.019693 0.019640 0.007521 0.014886 0.014711
74 0.018751 0.021823 0.021775 0.008439 0.016552 0.016387
75 0.020950 0.024237 0.024194 0.009485 0.018443 0.018291
76 0.023428 0.026986 0.026949 0.010678 0.020600 0.020465
77 0.026183 0.030081 0.030051 0.012035 0.023061 0.022949
78 0.029308 0.033645 0.033622 0.013582 0.025888 0.025804
79 0.032774 0.037661 0.037648 0.015347 0.029144 0.029097
80 0.036705 0.042295 0.042295 0.017347 0.032886 0.032886
81 0.038556 0.047291 0.047291 0.019058 0.036992 0.036992
82 0.042087 0.053009 0.053009 0.022345 0.041662 0.041662
83 0.047283 0.059466 0.059466 0.027251 0.047017 0.047017
84 0.054248 0.066860 0.066860 0.033811 0.053130 0.053130
85 0.062990 0.075196 0.075196 0.042053 0.060056 0.060056
86 0.073605 0.084646 0.084646 0.052009 0.067888 0.067888
87 0.086115 0.095308 0.095308 0.063725 0.076724 0.076724
88 0.100513 0.107196 0.107196 0.077205 0.086549 0.086549
89 0.116840 0.120431 0.120431 0.092462 0.097426 0.097426
90 0.135087 0.135087 0.135087 0.109484 0.109484 0.109484
91 0.150610 0.150610 0.150610 0.122541 0.122541 0.122541
92 0.166534 0.166534 0.166534 0.136397 0.136397 0.136397
93 0.182546 0.182546 0.182546 0.150811 0.150811 0.150811
94 0.198598 0.198598 0.198598 0.165818 0.165818 0.165818
95 0.214442 0.214442 0.214442 0.181360 0.181360 0.181360
96 0.232944 0.232944 0.232944 0.198746 0.198746 0.198746
97 0.251903 0.251903 0.251903 0.216930 0.216930 0.216930
98 0.271612 0.271612 0.271612 0.235921 0.235921 0.235921
99 0.291889 0.291889 0.291889 0.255617 0.255617 0.255617
100 0.312680 0.312680 0.312680 0.275938 0.275938 0.275938
101 0.333720 0.333720 0.333720 0.296628 0.296628 0.296628
102 0.354570 0.354570 0.354570 0.317471 0.317471 0.317471
103 0.375136 0.375136 0.375136 0.338385 0.338385 0.338385
104 0.395172 0.395172 0.395172 0.358868 0.358868 0.358868
105 0.413945 0.413945 0.413945 0.379183 0.379183 0.379183
106 0.432145 0.432145 0.432145 0.398878 0.398878 0.398878
107 0.449197 0.449197 0.449197 0.417703 0.417703 0.417703
108 0.465497 0.465497 0.465497 0.435384 0.435384 0.435384
109 0.480869 0.480869 0.480869 0.452108 0.452108 0.452108
110 0.495080 0.495080 0.495080 0.467928 0.467928 0.467928
111 0.500557 0.500557 0.500557 0.482562 0.482562 0.482562
112 0.500454 0.500454 0.500454 0.496164 0.496164 0.496164
113 0.500352 0.500352 0.500352 0.502110 0.502110 0.502110
114 0.500201 0.500201 0.500201 0.500952 0.500952 0.500952
115 0.500000 0.500000 0.500000 0.500000 0.500000 0.500000
116 0.500000 0.500000 0.500000 0.500000 0.500000 0.500000
117 0.500000 0.500000 0.500000 0.500000 0.500000 0.500000
118 0.500000 0.500000 0.500000 0.500000 0.500000 0.500000
119 0.500000 0.500000 0.500000 0.500000 0.500000 0.500000
120 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000

(f)Effective/applicability date -

(1)In general. Except as provided in paragraph (f)(2) of this section, this section applies to plan years beginning or after January 1, 2018.

(2)Option to apply prior regulations in certain circumstances. For a plan for which substitute mortality tables are not used pursuant to § 1.430(h)(3)-2 for a plan year beginning during 2018, mortality tables determined in accordance with § 1.430(h)(3)-1 as in effect on December 31, 2017 (as contained in 26 CFR part 1 revised April 1, 2017) may be used for purposes of applying the rules of section 430 for a valuation date occurring during 2018 if the plan sponsor -

(i) Concludes that the use of mortality tables determined in accordance with this section for the plan year would be administratively impracticable or would result in an adverse business impact that is greater than de minimis; and

(ii) Informs the actuary of the intent to apply the option under this paragraph (f)(2).

[T.D. 9826, 82 FR 46398, Oct. 5, 2017]

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
U.S. Code: Title 26 - INTERNAL REVENUE CODE

§ 1 - Tax imposed

§ 21 - Expenses for household and dependent care services necessary for gainful employment

§ 23 - Adoption expenses

§ 25 - Interest on certain home mortgages

§ 25A - Hope and Lifetime Learning credits

§ 28 - Renumbered § 45C]

§ 30 - Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(2)(A), Dec. 19, 2014, 128 Stat. 4037]

§ 36B - Refundable credit for coverage under a qualified health plan

§ 38 - General business credit

§ 40 - Alcohol, etc., used as fuel

§ 41 - Credit for increasing research activities

§ 42 - Low-income housing credit

§ 43 - Enhanced oil recovery credit

§ 45D - New markets tax credit

§ 46 - Amount of credit

§ 47 - Rehabilitation credit

§ 52 - Special rules

§ 56 - Adjustments in computing alternative minimum taxable income

§ 58 - Denial of certain losses

§ 61 - Gross income defined

§ 62 - Adjusted gross income defined

§ 66 - Treatment of community income

§ 67 - 2-percent floor on miscellaneous itemized deductions

§ 72 - Annuities; certain proceeds of endowment and life insurance contracts

§ 101 - Certain death benefits

§ 103 - Interest on State and local bonds

§ 103A - Repealed. Pub. L. 99–514, title XIII, § 1301(j)(1), Oct. 22, 1986, 100 Stat. 2657]

§ 108 - Income from discharge of indebtedness

§ 110 - Qualified lessee construction allowances for short-term leases

§ 129 - Dependent care assistance programs

§ 132 - Certain fringe benefits

§ 148 - Arbitrage

§ 149 - Bonds must be registered to be tax exempt; other requirements

§ 150 - Definitions and special rules

§ 152 - Dependent defined

§ 162 - Trade or business expenses

§ 163 - Interest

§ 165 - Losses

§ 166 - Bad debts

§ 168 - Accelerated cost recovery system

§ 170 - Charitable, etc., contributions and gifts

§ 171 - Amortizable bond premium

§ 179 - Election to expense certain depreciable business assets

§ 179A - Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(34)(A), Dec. 19, 2014, 128 Stat. 4042]

§ 197 - Amortization of goodwill and certain other intangibles

§ 199 - Income attributable to domestic production activities

§ 216 - Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder

§ 221 - Interest on education loans

§ 263A - Capitalization and inclusion in inventory costs of certain expenses

§ 267 - Losses, expenses, and interest with respect to transactions between related taxpayers

§ 274 - Disallowance of certain entertainment, etc., expenses

§ 280C - Certain expenses for which credits are allowable

§ 280F - Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes

§ 280G - Golden parachute payments

§ 301 - Distributions of property

§ 304 - Redemption through use of related corporations

§ 305 - Distributions of stock and stock rights

§ 324

§ 336 - Gain or loss recognized on property distributed in complete liquidation

§ 337 - Nonrecognition for property distributed to parent in complete liquidation of subsidiary

§ 338 - Certain stock purchases treated as asset acquisitions

§ 351 - Transfer to corporation controlled by transferor

§ 355 - Distribution of stock and securities of a controlled corporation

§ 357 - Assumption of liability

§ 358 - Basis to distributees

§ 362 - Basis to corporations

§ 367 - Foreign corporations

§ 382 - Limitation on net operating loss carryforwards and certain built-in losses following ownership change

§ 383 - Special limitations on certain excess credits, etc.

§ 401 - Qualified pension, profit-sharing, and stock bonus plans

§ 401 note - Qualified pension, profit-sharing, and stock bonus plans

§ 402A - Optional treatment of elective deferrals as Roth contributions

§ 403 - Taxation of employee annuities

§ 404 - Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan

§ 408 - Individual retirement accounts

§ 408A - Roth IRAs

§ 409 - Qualifications for tax credit employee stock ownership plans

§ 410 - Minimum participation standards

§ 411 - Minimum vesting standards

§ 414 - Definitions and special rules

§ 417 - Definitions and special rules for purposes of minimum survivor annuity requirements

§ 419A - Qualified asset account; limitation on additions to account

§ 420 - Transfers of excess pension assets to retiree health accounts

§ 441 - Period for computation of taxable income

§ 442 - Change of annual accounting period

§ 444 - Election of taxable year other than required taxable year

§ 446 - General rule for methods of accounting

§ 453 - Installment method

§ 453A - Special rules for nondealers

§ 458 - Magazines, paperbacks, and records returned after the close of the taxable year

§ 460 - Special rules for long-term contracts

§ 461 - General rule for taxable year of deduction

§ 465 - Deductions limited to amount at risk

§ 466 - Repealed. Pub. L. 99–514, title VIII, § 823(a), Oct. 22, 1986, 100 Stat. 2373]

§ 467 - Certain payments for the use of property or services

§ 468A - Special rules for nuclear decommissioning costs

§ 468B - Special rules for designated settlement funds

§ 469 - Passive activity losses and credits limited

§ 471 - General rule for inventories

§ 472 - Last-in, first-out inventories

§ 475 - Mark to market accounting method for dealers in securities

§ 481 - Adjustments required by changes in method of accounting

§ 482 - Allocation of income and deductions among taxpayers

§ 483 - Interest on certain deferred payments

§ 493

§ 504 - Status after organization ceases to qualify for exemption under section 501(c)(3) because of substantial lobbying or because of political activities

§ 514 - Unrelated debt-financed income

§ 527 - Political organizations

§ 585 - Reserves for losses on loans of banks

§ 597 - Treatment of transactions in which Federal financial assistance provided

§ 642 - Special rules for credits and deductions

§ 643 - Definitions applicable to subparts A, B, C, and D

§ 645 - Certain revocable trusts treated as part of estate

§ 663 - Special rules applicable to sections 661 and 662

§ 664 - Charitable remainder trusts

§ 672 - Definitions and rules

§ 679 - Foreign trusts having one or more United States beneficiaries

§ 701 - Partners, not partnership, subject to tax

§ 702 - Income and credits of partner

§ 703 - Partnership computations

§ 704 - Partner’s distributive share

§ 705 - Determination of basis of partner’s interest

§ 706 - Taxable years of partner and partnership

§ 707 - Transactions between partner and partnership

§ 708 - Continuation of partnership

§ 709 - Treatment of organization and syndication fees

§ 721 - Nonrecognition of gain or loss on contribution

§ 722 - Basis of contributing partner’s interest

§ 723 - Basis of property contributed to partnership

§ 724 - Character of gain or loss on contributed unrealized receivables, inventory items, and capital loss property

§ 731 - Extent of recognition of gain or loss on distribution

§ 732 - Basis of distributed property other than money

§ 733 - Basis of distributee partner’s interest

§ 734 - Adjustment to basis of undistributed partnership property where section 754 election or substantial basis reduction

§ 735 - Character of gain or loss on disposition of distributed property

§ 736 - Payments to a retiring partner or a deceased partner’s successor in interest

§ 737 - Recognition of precontribution gain in case of certain distributions to contributing partner

§ 741 - Recognition and character of gain or loss on sale or exchange

§ 742 - Basis of transferee partner’s interest

§ 743 - Special rules where section 754 election or substantial built-in loss

§ 751 - Unrealized receivables and inventory items

§ 752 - Treatment of certain liabilities

§ 753 - Partner receiving income in respect of decedent

§ 754 - Manner of electing optional adjustment to basis of partnership property

§ 755 - Rules for allocation of basis

§ 761 - Terms defined

§ 809 - Repealed. Pub. L. 108–218, title II, § 205(a), Apr. 10, 2004, 118 Stat. 610]

§ 817A - Special rules for modified guaranteed contracts

§ 832 - Insurance company taxable income

§ 845 - Certain reinsurance agreements

§ 846 - Discounted unpaid losses defined

§ 848 - Capitalization of certain policy acquisition expenses

§ 852 - Taxation of regulated investment companies and their shareholders

§ 860E - Treatment of income in excess of daily accruals on residual interests

§ 860G - Other definitions and special rules

§ 863 - Special rules for determining source

§ 864 - Definitions and special rules

§ 865 - Source rules for personal property sales

§ 874 - Allowance of deductions and credits

§ 882 - Tax on income of foreign corporations connected with United States business

§ 883 - Exclusions from gross income

§ 884 - Branch profits tax

§ 892 - Income of foreign governments and of international organizations

§ 894 - Income affected by treaty

§ 897 - Disposition of investment in United States real property

§ 901 - Taxes of foreign countries and of possessions of United States

§ 902 - Deemed paid credit where domestic corporation owns 10 percent or more of voting stock of foreign corporation

§ 904 - Limitation on credit

§ 907 - Special rules in case of foreign oil and gas income

§ 911 - Citizens or residents of the United States living abroad

§ 924

§ 925

§ 927

§ 934 - Limitation on reduction in income tax liability incurred to the Virgin Islands

§ 936 - Puerto Rico and possession tax credit

§ 937 - Residence and source rules involving possessions

§ 954 - Foreign base company income

§ 956 - Investment of earnings in United States property

§ 957 - Controlled foreign corporations; United States persons

§ 960 - Special rules for foreign tax credit

§ 963 - Repealed. Pub. L. 94–12, title VI, § 602(a)(1), Mar. 29, 1975, 89 Stat. 58]

§ 985 - Functional currency

§ 987 - Branch transactions

§ 988 - Treatment of certain foreign currency transactions

§ 989 - Other definitions and special rules

§ 1017 - Discharge of indebtedness

§ 1032 - Exchange of stock for property

§ 1059 - Corporate shareholder’s basis in stock reduced by nontaxed portion of extraordinary dividends

§ 1060 - Special allocation rules for certain asset acquisitions

§ 1092 - Straddles

§ 1202 - Partial exclusion for gain from certain small business stock

§ 1221 - Capital asset defined

§ 1244 - Losses on small business stock

§ 1248 - Gain from certain sales or exchanges of stock in certain foreign corporations

§ 1254 - Gain from disposition of interest in oil, gas, geothermal, or other mineral properties

§ 1275 - Other definitions and special rules

§ 1286 - Tax treatment of stripped bonds

§ 1291 - Interest on tax deferral

§ 1293 - Current taxation of income from qualified electing funds

§ 1294 - Election to extend time for payment of tax on undistributed earnings

§ 1295 - Qualified electing fund

§ 1296 - Election of mark to market for marketable stock

§ 1297 - Passive foreign investment company

§ 1298 - Special rules

§ 1301 - Averaging of farm income

§ 1361 - S corporation defined

§ 1368 - Distributions

§ 1374 - Tax imposed on certain built-in gains

§ 1377 - Definitions and special rule

§ 1378 - Taxable year of S corporation

§ 1397D - Qualified zone property defined

§ 1397E - Credit to holders of qualified zone academy bonds

§ 1402 - Definitions

§ 1441 - Withholding of tax on nonresident aliens

§ 1443 - Foreign tax-exempt organizations

§ 1445 - Withholding of tax on dispositions of United States real property interests

§ 1471 - Withholdable payments to foreign financial institutions

§ 1472 - Withholdable payments to other foreign entities

§ 1473 - Definitions

§ 1474 - Special rules

§ 1502 - Regulations

§ 1503 - Computation and payment of tax

§ 1504 - Definitions

§ 1561 - Limitations on certain multiple tax benefits in the case of certain controlled corporations

§ 3401 - Definitions

§ 5000 - Certain group health plans

§ 5000A - Requirement to maintain minimum essential coverage

§ 6001 - Notice or regulations requiring records, statements, and special returns

§ 6011 - General requirement of return, statement, or list

§ 6015 - Relief from joint and several liability on joint return

§ 6033 - Returns by exempt organizations

§ 6035 - Basis information to persons acquiring property from decedent

§ 6038 - Information reporting with respect to certain foreign corporations and partnerships

§ 6038A - Information with respect to certain foreign-owned corporations

§ 6038B - Notice of certain transfers to foreign persons

§ 6038D - Information with respect to foreign financial assets

§ 6039I - Returns and records with respect to employer-owned life insurance contracts

§ 6041 - Information at source

§ 6043 - Liquidating, etc., transactions

§ 6045 - Returns of brokers

§ 6046A - Returns as to interests in foreign partnerships

§ 6049 - Returns regarding payments of interest

§ 6050E - State and local income tax refunds

§ 6050H - Returns relating to mortgage interest received in trade or business from individuals

§ 6050I-1

§ 6050K - Returns relating to exchanges of certain partnership interests

§ 6050M - Returns relating to persons receiving contracts from Federal executive agencies

§ 6050P - Returns relating to the cancellation of indebtedness by certain entities

§ 6050S - Returns relating to higher education tuition and related expenses

§ 6060 - Information returns of tax return preparers

§ 6061 - Signing of returns and other documents

§ 6065 - Verification of returns

§ 6081 - Extension of time for filing returns

§ 6103 - Confidentiality and disclosure of returns and return information

§ 6109 - Identifying numbers

§ 6302 - Mode or time of collection

§ 6402 - Authority to make credits or refunds

§ 6411 - Tentative carryback and refund adjustments

§ 6655 - Failure by corporation to pay estimated income tax

§ 6662 - Imposition of accuracy-related penalty on underpayments

§ 6695 - Other assessable penalties with respect to the preparation of tax returns for other persons

§ 6851 - Termination assessments of income tax

§ 7520 - Valuation tables

§ 7654 - Coordination of United States and certain possession individual income taxes

§ 7701 - Definitions

§ 7702 - Life insurance contract defined

§ 7805 - Rules and regulations

§ 7872 - Treatment of loans with below-market interest rates

§ 7874 - Rules relating to expatriated entities and their foreign parents

U.S. Code: Title 29 - LABOR
Statutes at Large
Public Laws
Presidential Documents

Reorganization ... 1978 Plan No. 4