Skip to main content

Practitioners

Present Value of PBGC Maximum Guarantee

Present test Value of the Maximum PBGC Guaranteed Benefit under IRC Section 436(d)(3)(A)(ii) and ERISA Section 206(g)(3)(C)(i)(II)

IRC section 436(d)(3) and ERISA section 206(g)(3)(C) provide that if the "adjusted funding target attainment percentage" is at least 60% but less than 80%, a plan generally may not pay a prohibited payment to the extent the payment exceeds the lesser of:

(1) 50% of the amount of the payment that would be paid if the restriction did not apply, or

(2) the present value, determined under guidance provided by PBGC, of the maximum guarantee with respect to the participant under ERISA section 4022.

The amounts under (2) are determined each year by PBGC in accordance with methodology provided in Technical Update 07-4.

For additional information on benefit restrictions, including the definition of "prohibited payment" and effective dates, see Treasury's benefit restrictions regulations.

2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008

2014

These values apply to benefits with annuity starting dates in 2014. The 2014 table was developed using the 417(e) segment rates for August 2013 (1.36%, 4.60% and 5.58% respectively) for plan years beginning in 2014 and the 417(e) applicable mortality table for 2014. 

AgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum Guarantee
25 111,472 45 252,979 65 750,830
26 116,716 46 270,965 66 806,225
27 121,915 47 288,489 67 864,868
28 127,062 48 305,517 68 932,867
29 132,149 49 322,012 69 1,008,760
           
30 137,179 50 337,939 70 1,091,293
31 142,144 51 353,267 71 1,233,643
32 147,047 52 367,945 72 1,363,684
33 151,882 53 381,943 73 1,481,403
34 156,643 54 395,236 74 1,586,314
           
35 161,327 55 414,487 75 1,678,519
36 171,280 56 439,197 76 1,969,986
37 181,090 57 465,815 77 2,230,628
38 190,748 58 492,796 78 2,461,782
39 200,239 59 521,027 79 2,663,228
           
40 209,553 60 551,156 80 2,835,542
41 218,674 61 590,003 81 3,547,175
42 227,591 62 633,674 82 4,173,918
43 236,291 63 675,426 83 4,720,383
44 244,757 64 714,542 84 5,184,692
           
        85 5,575,700

^ Top

2013

These values apply to benefits with annuity starting dates in 2013. The 2013 table was developed using the 417(e) segment rates for August 2012 (1.13%, 3.71%, 4.52% respectively) for plan years beginning in 2013 and the 417(e) applicable mortality table for 2013.

AgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum Guarantee
25 125,539 45 282,286 65 782,324
26 131,288 46 299,038 66 837,887
27 136,962 47 316,330 67 896,512
28 142,560 48 334,178 68 964,492
29 148,074 49 352,607 69 1,040,249
           
30 153,501 50 371,638 70 1,122,428
31 158,838 51 391,301 71 1,265,542
32 164,082 52 411,617 72 1,395,329
33 169,228 53 432,626 73 1,511,875
34 174,271 54 454,380 74 1,614,818
           
35 180,229 55 476,923 75 1,704,372
36 189,958 56 500,353 76 1,995,357
37 200,513 57 524,778 77 2,253,838
38 210,856 58 550,227 78 2,481,384
39 220,972 59 576,774 79 2,678,053
           
40 230,843 60 604,500 80 2,844,680
41 240,461 61 639,153 81 3,550,496
42 249,810 62 674,153 82 4,168,550
43 258,875 63 709,575 83 4,704,167
44 269,852 64 746,419 84 5,156,355
           
   

 

 

85 5,534,486

^ Top

2012

These values apply to benefits with annuity starting dates in 2012. The 2012 table was developed using the 417(e) segment rates for August 2011 (1.85%, 4.62% and 6.02% respectively) for plan years beginning in 2012 and the 417(e) applicable mortality table for 2012.

AgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum Guarantee
25 $100,734 45 $231,031 65 $695,349
26 $105,516 46 $247,628 66 $747,052
27 $110,260 47 $263,827 67 $801,786
28 $114,960 48 $279,595 68 $865,207
29 $119,616 49 $294,903 69 $935,965
           
30 $124,223 50 $309,713 70 $1,012,884
31 $128,778 51 $323,997 71 $1,145,335
32 $133,282 52 $337,708 72 $1,266,376
33 $137,732 53 $350,817 73 $1,375,955
34 $142,119 54 $363,296 74 $1,473,637
           
35 $146,445 55 $375,105 75 $1,559,491
36 $155,564 56 $402,687 76 $1,830,482
37 $164,564 57 $429,117 77 $2,072,864
38 $173,437 58 $454,300 78 $2,287,772
39 $182,174 59 $478,169 79 $2,475,033
           
40 $190,760 60 $506,812 80 $2,635,180
41 $199,186 61 $544,370 81 $3,296,496
42 $207,439 62 $585,780 82 $3,878,884
43 $215,506 63 $624,776 83 $4,386,648
44 $223,376 64 $661,360 84 $4,818,418
           
 

 

 

 

 

 

85 $5,182,247

^ Top

2011

These values apply to benefits with annuity starting dates in 2011. The 2011 table was developed using the 417(e) segment rates for August 2010 (2.21%, 4.61% and 5.46% respectively) for plan years beginning in 2011 and the 417(e) applicable mortality table for 2011.

AgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum GuaranteeAgePresent Value of PBGC Maximum Guarantee
25 $101,908 45 $230,006 65 $675,544
26 $106,684 46 $246,264 66 $724,914
27 $111,414 47 $262,086 67 $777,130
28 $116,093 48 $277,440 68 $837,677
29 $120,717 49 $292,296 69 $905,239
           
30 $125,284 50 $306,620 70 $978,671
31 $129,790 51 $320,382 71 $1,105,646
32 $134,234 52 $333,539 72 $1,221,482
33 $138,613 53 $346,063 73 $1,326,179
34 $142,922 54 $357,928 74 $1,419,386
           
35 $147,156 55 $378,155 75 $1,501,205
36 $156,192 56 $400,224 76 $1,761,180
37 $165,091 57 $423,424 77 $1,993,532
38 $173,844 58 $447,806 78 $2,199,375
39 $182,438 59 $473,460 79 $2,378,611
           
40 $190,861 60 $500,484 80 $2,531,791
41 $199,104 61 $533,675 81 $3,166,364
42 $207,152 62 $571,229 82 $3,724,956
43 $214,994 63 $608,483 83 $4,211,786
44 $222,617 64 $643,309 84 $4,625,790
           
   

 

 

85 $4,974,650

^ Top

2010

These values apply to benefits with annuity starting dates in 2010. The 2010 table was developed using the 417(e) segment rates for August 2009 (3.60%, 5.31% and 5.47% respectively) for plan years beginning in 2010 and the 417(e) applicable mortality table for 2010.

AgePresent value of PBGC Maximum GuaranteeAgePresent value of PBGC Maximum GuaranteeAgePresent value of PBGC Maximum Guarantee
25 $97,502 45 $219,161 65 $639,942
26 $102,059 46 $234,582 66 $686,669
27 $106,570 47 $249,577 67 $736,137
28 $111,031 48 $264,115 68 $793,557
29 $115,437 49 $278,169 69 $857,714
           
30 $119,786 50 $291,707 70 $927,545
31 $124,074 51 $304,701 71 $1,048,287
32 $128,302 52 $317,109 72 $1,158,685
33 $132,464 53 $328,907 73 $1,258,755
34 $136,556 54 $340,071 74 $1,348,185
           
35 $140,574 55 $354,083 75 $1,427,060
36 $149,174 56 $375,742 76 $1,675,716
37 $157,639 57 $399,757 77 $1,898,677
38 $165,958 58 $422,533 78 $2,096,910
39 $174,121 59 $444,016 79 $2,270,266
           
40 $182,115 60 $469,549 80 $2,419,182
41 $189,931 61 $503,891 81 $3,028,991
42 $197,555 62 $541,393 82 $3,567,460
43 $204,977 63 $576,580 83 $4,038,382
44 $212,184 64 $609,477 84 $4,440,649
           
85 $4,781,267

^ Top

2009

These values apply to benefits with annuity starting dates in 2009. The 2009 table was developed using the 417(e) segment rates for August 2008 (4.78%, 5.45% and 5.46% respectively) for plan years beginning in 2009 and the 417(e) applicable mortality table for 2009.

AgePresent value of PBGC Maximum GuaranteeAgePresent value of PBGC Maximum GuaranteeAgePresent value of PBGC Maximum Guarantee
25 $96,254 45 $215,888 65 $627,509
26 $100,747 46 $231,040 66 $673,150
27 $105,193 47 $245,765 67 $721,452
28 $109,588 48 $260,034 68 $777,525
29 $113,928 49 $273,820 69 $840,177
           
30 $118,211 50 $287,091 70 $908,363
31 $122,432 51 $299,820 71 $1,026,379
32 $126,592 52 $311,965 72 $1,134,240
33 $130,687 53 $323,503 73 $1,231,968
34 $134,711 54 $334,408 74 $1,319,283
           
35 $138,660 55 $349,238 75 $1,396,275
36 $147,127 56 $369,314 76 $1,639,377
37 $155,458 57 $392,822 77 $1,857,336
38 $163,643 58 $415,098 78 $2,051,069
39 $171,670 59 $437,265 79 $2,220,460
           
40 $179,528 60 $463,078 80 $2,365,943
41 $187,207 61 $494,634 81 $2,962,150
42 $194,694 62 $531,304 82 $3,488,559
43 $201,979 63 $565,683 83 $3,948,926
44 $209,048 64 $597,797 84 $4,342,386

Note: For the present value of the PBGC maximum guarantee at ages below 25 or above 84, please contact PBGC.

^ Top

2008

These values apply to benefits with annuity starting dates in 2008. The 2008 table was developed using the 417(e) segment rates for August 2007 (5.02%, 5.18% and 5.28% respectively) and the 417(e) applicable mortality table for 2008.

AgePresent value of PBGC Maximum GuaranteeAgePresent value of PBGC Maximum GuaranteeAgePresent value of PBGC Maximum Guarantee
25 $94,951 45 $211,847 65 $610,204
26 $99,363 46 $226,636 66 $654,195
27 $103,728 47 $240,995 67 $700,701
28 $108,039 48 $254,894 68 $754,675
29 $112,293 49 $268,306 69 $814,948
       
30 $116,487 50 $281,202 70 $880,485
31 $120,622 51 $293,553 71 $994,184
32 $124,690 52 $305,320 72 $1,097,882
33 $128,691 53 $316,480 73 $1,191,613
34 $132,620 54 $329,226 74 $1,275,143
       
35 $136,474 55 $347,406 75 $1,348,575
36 $144,768 56 $366,684 76 $1,582,219
37 $152,925 57 $387,177 77 $1,791,294
38 $160,931 58 $408,952 78 $1,976,695
39 $168,777 59 $432,115 79 $2,138,388
       
40 $176,450 60 $456,784 80 $2,276,851
41 $183,942 61 $483,388 81 $2,848,579
42 $191,238 62 $517,527 82 $3,352,472
43 $198,331 63 $550,713 83 $3,792,311
44 $205,203 64 $581,650 84 $4,167,617

Note: For the present value of the PBGC maximum guarantee at ages below 25 or above 84, please contact PBGC.

 

^ Top