Late or Defaulted Withdrawal Liability

Last Updated: March 17, 2023

PBGC’s withdrawal liability regulation (29 CFR 4219) provides that unless rules adopted by the plan provide otherwise, multiemployer plans charge withdrawing employers interest at the rates shown below if their withdrawal liability payments are late or in default. Similarly, such plans credit interest at these rates to employers who overpay their withdrawal liability.

2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 | 1984 | 1983 | 1982 | 1981 | 1980

From	To	Date of Quotation	Rate
01/01/23	03/31/23	12/15/2022	7.50%
04/01/23	06/30/23	03/15/2023	7.75%
07/01/23	09/30/23
10/01/23	12/31/23

From	To	Date of Quotation	Rate
01/01/22	03/31/22	12/15/2021	3.25%
04/01/22	06/30/22	03/15/2022	3.25%
07/01/22	09/30/22	06/15/2022	4.00%
10/01/22	12/31/22	09/15/2022	5.50%

From	To	Date of Quotation	Rate
01/01/21	03/31/21	12/15/2020	3.25%
04/01/21	06/30/21	03/15/2021	3.25%
07/01/21	09/30/21	06/15/2021	3.25%
10/01/21	12/31/21	09/15/2021	3.25%

From	To	Date of Quotation	Rate
01/01/20	03/31/20	12/16/2019	4.75%
04/01/20	06/30/20	03/16/2020	3.25%*
07/01/20	09/30/20	06/15/2020	3.25%
10/01/20	12/31/20	09/15/2020	3.25%

* Rate revised from 4.25% to 3.25% to reflect a change made by the Federal Reserve.

From	To	Date of Quotation	Rate
01/01/19	03/31/19	12/17/2018	5.25%
04/01/19	06/30/19	03/15/2019	5.50%
07/01/19	09/30/19	06/17/2019	5.50%
10/01/19	12/31/19	09/16/2019	5.25%

From	To	Date of Quotation	Rate
01/01/18	03/31/18	12/15/2017	4.50%
04/01/18	06/30/18	03/15/2018	4.50%
07/01/18	09/30/18	06/15/2018	5.00%
10/01/18	12/31/18	09/17/2018	5.00%

From	To	Date of Quotation	Rate
01/01/17	03/31/17	12/15/2016	3.75%
04/01/17	06/30/17	03/15/2017	3.75%
07/01/17	09/30/17	06/15/2017	4.25%
10/01/17	12/31/17	09/15/2017	4.25%

2016

From	To	Date of Quotation	Rate
01/01/16	03/31/16	12/15/2015	3.25%
04/01/16	06/30/16	03/15/2016	3.50%
07/01/16	09/30/16	06/15/2016	3.50%
10/01/16	12/31/16	09/15/2016	3.50%

2015

From	To	Date of Quotation	Rate
01/01/15	03/31/15	12/15/2014	3.25%
04/01/15	06/30/15	3/16/2015	3.25%
07/01/15	09/30/15	6/15/2015	3.25%
10/01/15	12/31/15	9/15/2015	3.25%

2014

From	To	Date of Quotation	Rate
01/01/14	03/31/14	12/13/2013	3.25%
04/01/14	06/30/14	3/14/2014	3.25%
07/01/14	09/30/14	6/13/2014	3.25%
10/01/14	12/31/14	9/15/2014	3.25%

2013

From	To	Date of Quotation	Rate
01/01/13	03/31/13	12/17/2012	3.25%
04/01/13	06/30/13	03/15/2013	3.25%
07/01/13	09/30/13	06/14/2013	3.25%
10/01/13	12/31/13	09/14/2013	3.25%

2012

From	To	Date of Quotation	Rate
01/01/12	03/31/12	12/15/2011	3.25%
04/01/12	06/30/12	03/15/2012	3.25%
07/01/12	09/30/12	06/15/2012	3.25%
10/01/12	12/31/12	09/17/2012	3.25%

2011

From	To	Date of Quotation	Rate
01/01/11	03/31/11	12/15/2010	3.25%
04/01/11	06/30/11	03/15/2011	3.25%
07/01/11	09/30/11	06/15/2011	3.25%
10/01/11	12/31/11	09/15/2011	3.25%

2010

From	To	Date of Quotation	Rate
01/01/10	03/31/10	12/15/2009	3.25%
04/01/10	06/30/10	03/15/2010	3.25%
07/01/10	09/30/10	06/15/2010	3.25%
10/01/10	12/31/10	09/15/2010	3.25%

2009

From	To	Date of Quotation	Rate
01/01/09	03/31/09	12/15/2008	4.00%
04/01/09	06/30/09	03/16/2009	3.25%
07/01/09	09/30/09	06/15/2009	3.25%
10/01/09	12/31/09	09/15/2009	3.25%

2008

From	To	Date of Quotation	Rate
01/01/08	03/31/08	12/17/2007	7.25%
04/01/08	06/30/08	03/17/2008	6.00%
07/01/08	09/30/08	06/16/2008	5.00%
10/01/08	12/31/08	09/15/2008	5.00%

2007

From	To	Date of Quotation	Rate
01/01/07	03/31/07	12/15/2006	8.25%
04/01/07	06/30/07	03/15/2007	8.25%
07/01/07	09/30/07	06/15/2007	8.25%
10/01/07	12/31/07	09/17/2007	8.25%

2006

From	To	Date of Quotation	Rate
01/01/06	03/31/06	12/15/2005	7.25%
04/01/06	06/30/06	03/15/2006	7.50%
07/01/06	09/30/06	06/15/2006	8.00%
10/01/06	12/31/06	09/15/2006	8.25%

2005

From	To	Date of Quotation	Rate
01/01/05	03/31/05	12/15/2004	5.25%
04/01/05	06/30/05	03/15/2005	5.50%
07/01/05	09/30/05	06/15/2005	6.00%
10/01/05	12/31/05	09/15/2005	6.50%

2004

From	To	Date of Quotation	Rate
01/01/04	03/31/04	12/15/2003	4.00%
04/01/04	06/30/04	03/15/2004	4.00%
07/01/04	09/30/04	06/15/2004	4.00%
10/01/04	12/31/04	09/15/2004	4.50%

2003

From	To	Date of Quotation	Rate
01/01/03	03/31/03	12/16/2002	4.25%
04/01/03	06/30/03	03/17/2003	4.25%
07/01/03	09/30/03	06/16/2003	4.25%
10/01/03	12/31/03	09/15/2003	4.00%

2002

From	To	Date of Quotation	Rate
01/01/02	03/31/02	12/17/01	4.75%
04/01/02	06/30/02	03/15/02	4.75%
07/01/02	09/30/02	06/17/02	4.75%
10/01/02	12/31/02	09/16/02	4.75%

2001

From	To	Date of Quotation	Rate
01/01/01	03/31/01	12/15/00	9.50%
04/01/01	06/30/01	03/15/01	8.50%
07/01/01	09/30/01	06/15/01	7.00%
10/01/01	12/31/01	09/17/01	6.50%

2000

From	To	Date of Quotation	Rate
01/01/00	03/31/00	12/15/99	8.50%
04/01/00	06/30/00	03/15/00	8.75%
07/01/00	09/30/00	06/15/00	9.50%
10/01/00	12/31/00	09/15/00	9.50%

1999

From	To	Date of Quotation	Rate
01/01/99	03/31/99	12/21/98	7.75%
04/01/99	06/30/99	03/15/99	7.75%
07/01/99	09/30/99	06/30/99	7.75%
10/01/99	12/31/99	09/15/99	8.25%

1998

From	To	Date of Quotation	Rate
01/01/98	03/31/98	12/15/97	8.50%
04/01/98	06/30/98	03/16/98	8.50%
07/01/98	09/30/98	06/15/98	8.50%
10/01/98	12/31/98	09/15/98	8.50%

1997

From	To	Date of Quotation	Rate
01/01/97	03/31/97	12/16/96	8.25%
04/01/97	06/30/97	03/17/97	8.25%
07/01/97	09/30/97	06/15/97	8.50%
10/01/97	12/31/97	09/15/97	8.50%

1996

From	To	Date of Quotation	Rate
01/01/96	03/31/96	12/15/95	8.75%
04/01/96	06/30/96	03/15/96	8.25%
07/01/96	09/30/96	06/17/96	8.25%
10/01/96	12/31/96	09/16/96	8.25%

1995

From	To	Date of Quotation	Rate
01/01/95	03/31/95	12/15/94	8.50%
04/01/95	06/30/95	03/15/95	9.00%
07/01/95	09/30/95	06/15/95	9.00%
10/01/95	12/31/95	09/15/95	8.75%

1994

From	To	Date of Quotation	Rate
01/01/94	03/31/94	12/15/93	6.00%
04/01/94	06/30/94	03/15/94	6.00%
07/01/94	09/30/94	06/15/94	7.25%
10/01/94	12/31/94	09/15/94	7.75%

1993

From	To	Date of Quotation	Rate
01/01/93	03/31/93	12/15/92	6.00%
04/01/93	06/30/93	03/15/93	6.00%
07/01/93	09/30/93	06/15/93	6.00%
10/01/93	12/31/93	09/15/93	6.00%

1992

From	To	Date of Quotation	Rate
01/01/92	03/31/92	12/16/91	7.50%
04/01/92	06/30/92	03/16/92	6.50%
07/01/92	09/30/92	06/15/92	6.50%
10/01/92	12/31/92	09/15/92	6.00%

1991

From	To	Date of Quotation	Rate
01/01/91	03/31/91	12/17/90	10.00%
04/01/91	06/30/91	03/15/91	9.00%
07/01/91	09/30/91	06/17/91	8.50%
10/01/91	12/31/91	09/16/91	8.00%

1990

From	To	Date of Quotation	Rate
01/01/90	03/31/90	12/15/89	10.50%
04/01/90	06/30/90	03/15/90	10.00%
07/01/90	09/30/90	06/15/90	10.00%
10/01/90	12/31/90	09/17/90	10.00%

1989

From	To	Date of Quotation	Rate
01/01/89	03/31/89	12/15/88	10.50%
04/01/89	06/30/89	03/15/89	11.50%
07/01/89	09/30/89	06/15/89	11.00%
10/01/89	12/31/89	09/15/89	10.50%

1988

From	To	Date of Quotation	Rate
01/01/88	03/31/88	12/15/87	8.75%
04/01/88	06/30/88	03/15/88	8.50%
07/01/88	09/30/88	06/15/88	9.00%
10/01/88	12/31/88	09/15/88	10.00%

1987

From	To	Date of Quotation	Rate
01/01/87	03/31/87	12/15/86	7.50%
04/01/87	06/30/87	03/16/87	7.50%
07/01/87	09/30/87	06/15/87	8.25%
10/01/87	12/31/87	09/15/87	8.75%

1986

From	To	Date of Quotation	Rate
01/01/86	03/31/86	12/16/85	9.50%
04/01/86	06/30/86	03/17/86	9.00%
07/01/86	09/30/86	06/16/86	8.50%
10/01/86	12/31/86	09/15/86	7.50%

1985

From	To	Date of Quotation	Rate
01/01/85	03/31/85	12/17/84	11.25%
04/01/85	06/30/85	03/15/85	10.50%
07/01/85	09/30/85	06/17/85	10.00%
10/01/85	12/31/85	09/16/85	9.50%

1984

From	To	Date of Quotation	Rate
01/01/84	03/31/84	12/15/83	11.00%
04/01/84	06/30/84	03/15/84	11.00%
07/01/84	09/30/84	06/15/84	12.50%
10/01/84	12/31/84	09/17/84	13.00%

1983

From	To	Date of Quotation	Rate
01/01/83	03/31/83	12/15/82	11.50%
04/01/83	06/30/83	03/15/83	10.50%
07/01/83	09/30/83	06/15/83	10.50%
10/01/83	12/31/83	09/15/83	11.00%

1982

From	To	Date of Quotation	Rate
01/01/82	03/31/82	12/15/81	15.75%
04/01/82	06/30/82	03/15/82	16.50%
07/01/82	09/30/82	06/15/82	16.50%
10/01/82	12/31/82	09/15/82	13.50%

1981

From	To	Date of Quotation	Rate
01/01/81	03/31/81	12/15/80	20.00%
04/01/81	06/30/81	03/15/81	18.00%
07/01/81	09/30/81	06/15/81	20.00%
10/01/81	12/31/81	09/15/81	20.00%

1980

From	To	Date of Quotation	Rate
09/26/80	09/30/80	06/16/80	12.25%
10/01/80	12/31/80	09/15/80	12.25%

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