IRS Issues December Weighted Average Interest Rates, Yield Curves

The IRS issued the December rates used to determine the present value of defined benefit plans for funding purposes under tax code Section 430(h)(2).

Notice 2017-76, released Dec. 12, provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under Section 417(e)(3), and the 24-month average segment rates, the Internal Revenue Service said.

The notice also provides guidance on the interest rate on 30-year Treasury securities under Section 417(3)(3)(A)(ii)(II), as in effect for plan years beginning before 2008, and the 30-year Treasury weighted average rate under Section 431(c)(6)(E)(ii)(I).

The notice is scheduled to publish ...