26 CFR 1.430 - Mortality tables used to determine present value.

View all text of Subjgrp 3 [§ 1.421-1 - § 1.440]

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

(a) Overview—(1) Standard mortality tables. This section sets forth rules for the mortality tables to be used in determining present value or making any computation under section 430. These mortality tables include—

(i) Generational mortality tables described in paragraph (b) of this section; and

(ii) Static mortality tables for small plans described in paragraph (c) of this section.

(2) Alternative tables—(i) Plan-specific mortality tables. In lieu of using the mortality tables provided under this section, plan-specific substitute mortality tables are permitted to be used for purposes of section 430 pursuant to section 430(h)(3)(C), provided that the requirements of § 1.430(h)(3)-2 are satisfied.

(ii) Disabled individuals. In lieu of using the mortality tables provided under this section, mortality tables for disabled individuals are permitted to be used pursuant to section 430(h)(3)(D). These tables are provided in guidance published in the Internal Revenue Bulletin. See § 601.601(d) of this chapter.

(3) Individuals not identified as either male or female. The mortality tables in this section are applied for an individual based on the individual's gender. With respect to the portion of a plan's population for which male or female gender is not identified (for example, because an individual identifies as nonbinary or because the gender information for an individual is not available), the plan's actuary must use a reasonable approach for determining liability. Some reasonable approaches for these individuals include—

(i) Determining the liability for an individual for whom male or female gender is not identified as the weighted average of the liability calculated as if the individual were male and the liability calculated as if the individual were female, with an appropriate weighting that takes into account the distribution of gender for individuals in the plan's population for whom gender is identified; and

(ii) Assigning either male or female status randomly to an individual for whom male or female gender is not identified in a manner that is expected to result in an appropriate proportion of males and females for the plan's population that takes into account the distribution of gender for individuals in the plan's population for whom gender is identified.

(b) Generational mortality tables—(1) In general—(i) Construction of generational mortality tables. The generational mortality tables that are permitted to be used under section 430(h)(3)(A) and paragraph (a)(1)(i) of this section are constructed from the base mortality tables described in paragraph (b)(1)(ii) of this section and the mortality improvement rates described in paragraph (b)(1)(iii) of this section, as adjusted in accordance with paragraph (b)(1)(v) of this section.

(ii) Base mortality tables. The base mortality tables are set forth in paragraph (d) of this section.

(iii) Mortality improvement rates—(A) Mortality improvement rates for valuation dates occurring on or after January 1, 2024. Except as otherwise provided in this paragraph (b)(1)(iii), the mortality improvement rates for valuation dates occurring on or after January 1, 2024, are the 2024 Adjusted Scale MP-2021 Rates as incorporated by reference pursuant to paragraph (b)(1)(iv)(A) of this section.

(B) [Reserved.]

(iv) Incorporation by reference. The material listed in this paragraph (b)(1)(iv) is incorporated by reference into this section with the approval of the Director of the Federal Register under 5 U.S.C. 552(a) and 1 Cspan part 51. This material is available for inspection at the IRS and at the National Archives and Records Administration (NARA). Contact IRS at: IRS Office of Chief Counsel, Qualified Plans Branch 1, CC:EEE:EB:QP1, 1111 Constitution Avenue NW, Washington, DC 20224; (202) 317-6700; www.irs.gov/retirement-plans/pension-plan-mortality-tables. For information on the availability of this material at NARA, visit www.archives.gov/federal-register/cfr/ibr-locations or email [email protected]. The material may be obtained from IRS: www.irs.gov/retirement-plans/pension-plan-mortality-tables.

(A) 2024 Adjusted Scale MP-2021 Rates, dated August 11, 2023.

(B) [Reserved]

(2) Application of mortality improvement rates—(i) In general. Under the generational mortality tables described in this paragraph (b), 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 tables set forth in paragraph (d) of this section for that age, gender, and status as an annuitant or a non-annuitant) multiplied by the cumulative mortality improvement factor for the individual's gender and for that age for the period from the base year for those mortality tables through the calendar year in which the individual is projected to reach the particular age. Paragraph (b)(3) of this section provides an example that shows how the base mortality tables in paragraph (d) of this section and the mortality improvement rates for valuation dates occurring during 2024 are combined to determine projected mortality rates.

(ii) 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.

(iii) 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. If that annual mortality improvement rate is greater than 1 (corresponding to a negative mortality improvement rate), then the projected mortality rate for that age and gender for that year is greater than the projected mortality rate for the same age and gender for the preceding year.

(3) Example of calculation—(i) Calculation of mortality rate. The mortality rate for 2024 that is applied to a male annuitant who is age 68 in 2024 is equal to the product of the mortality rate under paragraph (d) of this section for a male annuitant who was age 68 in 2012 (0.01418) and the cumulative mortality improvement factor calculated from the 2024 Adjusted Scale MP-2021 Rates for an age 68 male from 2012 to 2024. The cumulative mortality improvement factor for age 68 males for the period from 2012 to 2024 is 0.9827, and the mortality rate for 2024 for male annuitants who are age 68 in that year is 0.01393, as shown in the following table.

Table 1 to Paragraph (b)(3)(i)

Calendar year	Rate of mortality improvement from prior year to current year	Annual mortality improvement factor (1 − mortality improvement rate)	Cumulative mortality improvement factor	Mortality rate	2012	n/a	n/a	n/a	0.01418	2013	0.0071	0.9929	0.9929		2014	0.0047	0.9953	0.9882		2015	0.0029	0.9971	0.9854		2016	0.0017	0.9983	0.9837		2017	0.0009	0.9991	0.9828		2018	0.0001	0.9999	0.9827		2019	(0.0001)	1.0001	0.9828		2020	0.0001	0.9999	0.9827		2021	0.0000	1.0000	0.9827		2022	0.0000	1.0000	0.9827		2023	0.0000	1.0000	0.9827		2024	0.0000	1.0000	0.9827	0.01393

(ii) 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 2024 valuation date) of future payments in a benefit stream payable for a male annuitant who is age 68 in 2024, the probability of survival for the annuitant is based on the mortality rate for a male annuitant who is age 68 in 2024 (0.01393), and the projected mortality rate for a male annuitant who will be age 69 in 2025 (0.01507), age 70 in 2026 (0.01635), and so on.

(4) Use of the tables—(i) Separate tables for annuitants and non-annuitants. Separate mortality tables are provided for use with respect to annuitants and non-annuitants. The non-annuitant mortality tables are applied to determine the probability of survival for a non-annuitant for the period before the non-annuitant is projected to commence receiving benefits. The annuitant mortality tables are applied to determine the present value of benefits for each annuitant. In addition, the annuitant mortality tables are applied for each non-annuitant 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 non-annuitant 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 non-annuitant with respect to the balance of the benefit. In addition, with respect to a beneficiary of a participant, the annuitant mortality tables apply 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 tables apply with respect to the beneficiary for the period beginning with each assumed commencement of benefits for the beneficiary.

(ii) Examples of calculation using separate non-annuitant and annuitant 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 non-annuitant mortality tables for the period before the participant attains age 55 and using the annuitant mortality tables 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 non-annuitant mortality tables for the period before the participant attains age 65 and using the annuitant mortality tables for ages 65 and above.

(c) Static mortality tables—(1) Availability of alternative tables for small plans—(i) In general. As an alternative to the generational mortality tables defined in paragraph (b) of this section, static mortality tables may be used for a small plan. The static mortality tables described in this paragraph (c) are constructed from the separate non-annuitant and annuitant static mortality tables described in paragraph (c)(2)(i) of this section, combined using the procedure described in paragraph (c)(2)(ii) of this section.

(ii) Definition of small plan. For purposes of this paragraph (c), 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.

(iii) Use of static mortality tables. The static mortality tables that are used for a valuation date are the static mortality tables for the calendar year that includes the valuation date.

(iv) Publication of mortality tables. The static mortality tables for the 2024 calendar year are set forth in paragraph (e) of this section.

Note 1 to paragraph (c)(1)(iv):

The static mortality tables for valuation dates occurring in later calendar years will be published in the Internal Revenue Bulletin. See § 601.601(d) of this chapter.

(2) Development of static mortality tables—(i) Non-annuitant and annuitant mortality tables. The non-annuitant and annuitant static mortality tables are determined using the base mortality tables described in paragraph (b)(1)(ii) of this section. The rates in those base mortality tables are adjusted using the mortality improvement rates described in paragraph (b)(1)(iii) of this section, in accordance with the rules set forth in paragraph (c)(3) of this section.

(ii) Combined static mortality tables. The static mortality tables described in this paragraph (c) are constructed from the separate non-annuitant and annuitant static mortality tables pursuant to paragraph (c)(2)(i) of this section, blended using the weighting factors in paragraph (d) of this section. The weighting factors are applied to develop these combined static tables using the following equation: Combined mortality rate = [non-annuitant rate * (1 − weighting factor)] + [annuitant rate * weighting factor].

(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 paragraph (b)(2)(ii) of this section) for the period from 2012 through that calendar year; and

(B) The cumulative mortality improvement factor (determined under paragraph (b)(2)(ii) 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 paragraph (c)(3)(ii) of this section 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. For 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 2024, 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 2024. Under paragraph (c)(3)(iii) of this section, the mortality rate for an 85-year-old male annuitant in the static mortality table for 2024 is 2/3 times the projected mortality rate for a male annuitant that age in 2030 plus 1/3 times the projected mortality rate for a male annuitant that age in 2031. Accordingly, the mortality rate for an 85-year-old male annuitant in the static mortality table for 2024 is 0.08126 ( 2/3 times the projected mortality rate for an 85-year-old male annuitant in 2030 (0.08146) plus 1/3 times the projected mortality rate for an 85-year-old male annuitant in 2031 (0.08086)).

(d) Base mortality tables. The following are the base mortality tables. The base year for these tables is 2012.

Table 2 to Paragraph (d)

Age	Males			Females			Non-annuitant	Annuitant	Weighting factor for small plan	Non-annuitant	Annuitant	Weighting factor for small plans	0	0.00650	0.00650	0.0000	0.00544	0.00544	0.0000	1	0.00045	0.00045	0.0000	0.00038	0.00038	0.0000	2	0.00030	0.00030	0.0000	0.00023	0.00023	0.0000	3	0.00022	0.00022	0.0000	0.00018	0.00018	0.0000	4	0.00019	0.00019	0.0000	0.00013	0.00013	0.0000	5	0.00016	0.00016	0.0000	0.00012	0.00012	0.0000	6	0.00014	0.00014	0.0000	0.00011	0.00011	0.0000	7	0.00013	0.00013	0.0000	0.00010	0.00010	0.0000	8	0.00011	0.00011	0.0000	0.00009	0.00009	0.0000	9	0.00009	0.00009	0.0000	0.00009	0.00009	0.0000	10	0.00008	0.00008	0.0000	0.00009	0.00009	0.0000	11	0.00009	0.00009	0.0000	0.00009	0.00009	0.0000	12	0.00013	0.00013	0.0000	0.00010	0.00010	0.0000	13	0.00017	0.00017	0.0000	0.00012	0.00012	0.0000	14	0.00022	0.00022	0.0000	0.00013	0.00013	0.0000	15	0.00028	0.00028	0.0000	0.00013	0.00013	0.0000	16	0.00034	0.00034	0.0000	0.00014	0.00014	0.0000	17	0.00040	0.00040	0.0000	0.00015	0.00015	0.0000	18	0.00046	0.00046	0.0000	0.00015	0.00015	0.0000	19	0.00053	0.00053	0.0000	0.00015	0.00015	0.0000	20	0.00056	0.00056	0.0000	0.00015	0.00015	0.0000	21	0.00056	0.00056	0.0000	0.00015	0.00015	0.0000	22	0.00056	0.00056	0.0000	0.00016	0.00016	0.0000	23	0.00055	0.00055	0.0000	0.00018	0.00018	0.0000	24	0.00055	0.00055	0.0000	0.00019	0.00019	0.0000	25	0.00054	0.00054	0.0000	0.00019	0.00019	0.0000	26	0.00054	0.00054	0.0000	0.00019	0.00019	0.0000	27	0.00054	0.00054	0.0000	0.00020	0.00020	0.0000	28	0.00054	0.00054	0.0000	0.00020	0.00020	0.0000	29	0.00054	0.00054	0.0000	0.00020	0.00020	0.0000	30	0.00055	0.00055	0.0000	0.00021	0.00021	0.0000	31	0.00055	0.00055	0.0000	0.00022	0.00022	0.0000	32	0.00056	0.00056	0.0000	0.00023	0.00023	0.0000	33	0.00058	0.00058	0.0000	0.00025	0.00025	0.0000	34	0.00059	0.00059	0.0000	0.00026	0.00026	0.0000	35	0.00061	0.00061	0.0000	0.00028	0.00028	0.0000	36	0.00063	0.00063	0.0000	0.00031	0.00031	0.0000	37	0.00065	0.00065	0.0000	0.00034	0.00034	0.0000	38	0.00068	0.00068	0.0000	0.00036	0.00036	0.0000	39	0.00071	0.00071	0.0000	0.00040	0.00040	0.0000	40	0.00074	0.00074	0.0000	0.00043	0.00043	0.0000	41	0.00077	0.00082	0.0008	0.00047	0.00049	0.0010	42	0.00081	0.00099	0.0016	0.00051	0.00061	0.0020	43	0.00086	0.00124	0.0024	0.00055	0.00078	0.0030	44	0.00091	0.00158	0.0032	0.00060	0.00101	0.0040	45	0.00097	0.00200	0.0040	0.00065	0.00130	0.0051	46	0.00105	0.00251	0.0047	0.00071	0.00165	0.0061	47	0.00113	0.00310	0.0055	0.00077	0.00206	0.0071	48	0.00123	0.00378	0.0063	0.00083	0.00252	0.0081	49	0.00134	0.00454	0.0071	0.00090	0.00304	0.0091	50	0.00147	0.00539	0.0079	0.00098	0.00362	0.0101	51	0.00161	0.00544	0.0140	0.00107	0.00426	0.0185	52	0.00177	0.00565	0.0209	0.00116	0.00495	0.0262	53	0.00194	0.00588	0.0302	0.00126	0.00500	0.0349	54	0.00213	0.00616	0.0430	0.00137	0.00512	0.0449	55	0.00234	0.00647	0.0898	0.00148	0.00517	0.0853	56	0.00257	0.00686	0.1676	0.00161	0.00522	0.1535	57	0.00281	0.00728	0.2153	0.00175	0.00528	0.1923	58	0.00308	0.00770	0.2635	0.00190	0.00561	0.2291	59	0.00338	0.00811	0.3144	0.00206	0.00601	0.2680	60	0.00369	0.00848	0.3821	0.00224	0.00643	0.3192	61	0.00403	0.00882	0.4579	0.00243	0.00690	0.3731	62	0.00441	0.00918	0.5935	0.00264	0.00743	0.4705	63	0.00481	0.00960	0.7153	0.00287	0.00796	0.5668	64	0.00525	0.01014	0.7764	0.00312	0.00859	0.6230	65	0.00573	0.01087	0.8454	0.00339	0.00928	0.7172	66	0.00636	0.01178	0.9002	0.00380	0.01003	0.8006	67	0.00706	0.01288	0.9275	0.00427	0.01089	0.8414	68	0.00784	0.01418	0.9431	0.00480	0.01192	0.8658	69	0.00870	0.01564	0.9547	0.00540	0.01309	0.8857	70	0.00967	0.01729	0.9642	0.00606	0.01444	0.9046	71	0.01073	0.01914	0.9732	0.00681	0.01597	0.9240	72	0.01192	0.02121	0.9791	0.00765	0.01770	0.9365	73	0.01323	0.02354	0.9823	0.00860	0.01967	0.9437	74	0.01469	0.02613	0.9847	0.00966	0.02192	0.9512	75	0.01632	0.02905	0.9868	0.01085	0.02445	0.9568	76	0.01812	0.03233	0.9889	0.01219	0.02727	0.9637	77	0.02012	0.03604	0.9906	0.01370	0.03042	0.9682	78	0.02234	0.04026	0.9920	0.01539	0.03391	0.9727	79	0.02480	0.04504	0.9935	0.01729	0.03775	0.9765	80	0.02754	0.05046	1.0000	0.01943	0.04198	1.0000	81	0.02989	0.05657	1.0000	0.02134	0.04663	1.0000	82	0.03460	0.06343	1.0000	0.02516	0.05178	1.0000	83	0.04166	0.07114	1.0000	0.03089	0.05754	1.0000	84	0.05108	0.07977	1.0000	0.03853	0.06401	1.0000	85	0.06285	0.08946	1.0000	0.04808	0.07132	1.0000	86	0.07698	0.10032	1.0000	0.05955	0.07954	1.0000	87	0.09346	0.11248	1.0000	0.07293	0.08879	1.0000	88	0.11229	0.12600	1.0000	0.08822	0.09936	1.0000	89	0.13348	0.14088	1.0000	0.10542	0.11124	1.0000	90	0.15703	0.15703	1.0000	0.12453	0.12453	1.0000	91	0.17401	0.17401	1.0000	0.13818	0.13818	1.0000	92	0.19151	0.19151	1.0000	0.15250	0.15250	1.0000	93	0.20936	0.20936	1.0000	0.16737	0.16737	1.0000	94	0.22742	0.22742	1.0000	0.18274	0.18274	1.0000	95	0.24569	0.24569	1.0000	0.19863	0.19863	1.0000	96	0.26415	0.26415	1.0000	0.21509	0.21509	1.0000	97	0.28281	0.28281	1.0000	0.23214	0.23214	1.0000	98	0.30169	0.30169	1.0000	0.24983	0.24983	1.0000	99	0.32077	0.32077	1.0000	0.26814	0.26814	1.0000	100	0.33996	0.33996	1.0000	0.28698	0.28698	1.0000	101	0.35910	0.35910	1.0000	0.30619	0.30619	1.0000	102	0.37794	0.37794	1.0000	0.32549	0.32549	1.0000	103	0.39633	0.39633	1.0000	0.34472	0.34472	1.0000	104	0.41415	0.41415	1.0000	0.36375	0.36375	1.0000	105	0.43131	0.43131	1.0000	0.38243	0.38243	1.0000	106	0.44771	0.44771	1.0000	0.40065	0.40065	1.0000	107	0.46329	0.46329	1.0000	0.41828	0.41828	1.0000	108	0.47800	0.47800	1.0000	0.43522	0.43522	1.0000	109	0.49181	0.49181	1.0000	0.45139	0.45139	1.0000	110	0.50000	0.50000	1.0000	0.46673	0.46673	1.0000	111	0.50000	0.50000	1.0000	0.48120	0.48120	1.0000	112	0.50000	0.50000	1.0000	0.49477	0.49477	1.0000	113	0.50000	0.50000	1.0000	0.50000	0.50000	1.0000	114	0.50000	0.50000	1.0000	0.50000	0.50000	1.0000	115	0.50000	0.50000	1.0000	0.50000	0.50000	1.0000	116	0.50000	0.50000	1.0000	0.50000	0.50000	1.0000	117	0.50000	0.50000	1.0000	0.50000	0.50000	1.0000	118	0.50000	0.50000	1.0000	0.50000	0.50000	1.0000	119	0.50000	0.50000	1.0000	0.50000	0.50000	1.0000	120	1.00000	1.00000	1.0000	1.00000	1.00000	1.0000

(e) Static tables for 2024. The following static mortality tables are used pursuant to paragraph (a)(1)(ii) of this section for determining present value or making any computation under section 430 with respect to valuation dates occurring during 2024.

Table 3 to Paragraph (e)

Age	Male	Female	0	0.00356	0.00306	1	0.00025	0.00022	2	0.00017	0.00013	3	0.00012	0.00010	4	0.00011	0.00008	5	0.00009	0.00007	6	0.00008	0.00007	7	0.00008	0.00006	8	0.00006	0.00005	9	0.00005	0.00005	10	0.00005	0.00006	11	0.00005	0.00006	12	0.00008	0.00006	13	0.00010	0.00008	14	0.00013	0.00008	15	0.00017	0.00008	16	0.00021	0.00009	17	0.00025	0.00010	18	0.00029	0.00010	19	0.00034	0.00010	20	0.00036	0.00010	21	0.00037	0.00010	22	0.00037	0.00011	23	0.00038	0.00013	24	0.00039	0.00014	25	0.00040	0.00014	26	0.00041	0.00015	27	0.00043	0.00016	28	0.00044	0.00016	29	0.00046	0.00017	30	0.00049	0.00018	31	0.00050	0.00019	32	0.00053	0.00021	33	0.00056	0.00023	34	0.00059	0.00024	35	0.00062	0.00026	36	0.00065	0.00029	37	0.00067	0.00031	38	0.00070	0.00032	39	0.00072	0.00035	40	0.00074	0.00037	41	0.00075	0.00039	42	0.00077	0.00041	43	0.00079	0.00043	44	0.00081	0.00045	45	0.00084	0.00048	46	0.00088	0.00051	47	0.00092	0.00055	48	0.00098	0.00059	49	0.00104	0.00064	50	0.00113	0.00070	51	0.00124	0.00080	52	0.00137	0.00090	53	0.00153	0.00101	54	0.00173	0.00115	55	0.00206	0.00138	56	0.00253	0.00170	57	0.00296	0.00195	58	0.00344	0.00225	59	0.00397	0.00258	60	0.00458	0.00299	61	0.00523	0.00343	62	0.00615	0.00409	63	0.00703	0.00478	64	0.00774	0.00537	65	0.00861	0.00619	66	0.00957	0.00707	67	0.01054	0.00786	68	0.01163	0.00871	69	0.01283	0.00968	70	0.01419	0.01082	71	0.01575	0.01217	72	0.01750	0.01368	73	0.01949	0.01540	74	0.02175	0.01742	75	0.02433	0.01975	76	0.02729	0.02240	77	0.03069	0.02540	78	0.03460	0.02878	79	0.03912	0.03254	80	0.04442	0.03715	81	0.05008	0.04158	82	0.05649	0.04650	83	0.06372	0.05202	84	0.07192	0.05823	85	0.08126	0.06527	86	0.09180	0.07337	87	0.10364	0.08255	88	0.11688	0.09305	89	0.13148	0.10480	90	0.14733	0.11790	91	0.16404	0.13141	92	0.18111	0.14547	93	0.19847	0.16007	94	0.21588	0.17495	95	0.23319	0.19020	96	0.25152	0.20655	97	0.27010	0.22354	98	0.28899	0.24127	99	0.30836	0.25965	100	0.32788	0.27862	101	0.34742	0.29799	102	0.36672	0.31750	103	0.38574	0.33705	104	0.40436	0.35650	105	0.42191	0.37576	106	0.43897	0.39452	107	0.45520	0.41279	108	0.47064	0.43024	109	0.48536	0.44694	110	0.49448	0.46282	111	0.49552	0.47794	112	0.49656	0.49215	113	0.49756	0.49820	114	0.49870	0.49900	115	0.49975	0.49980	116	0.49990	0.49990	117	0.49995	0.50000	118	0.50000	0.50000	119	0.50000	0.50000	120	1.00000	1.00000

(f) Applicability date. This section applies for valuation dates occurring on or after January 1, 2024.

[T.D. 9983, 88 span 72361, Oct. 20, 2023]