IRS Updates Weighted Average Interest Rates, Yield Curves, and Segment Rates (Notice 2013-2)

January 14, 2013

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The Internal Revenue Service on January 9 released Notice 2013-2 providing guidance as to the corporate bond weighted average interest rate and the permissible range of interest rates specified under Internal Revenue Code section 412 as in effect for plan years beginning before 2008.

The notice also provides guidance on the corporate bond monthly yield curve (and the corresponding spot segment rates) and the 24-month average segment rates under section 430.

In addition, the notice provides guidance as to the interest rate on 30-year Treasury securities under section 417 as in effect for plan years beginning before 2008, the 30-year Treasury weighted average rate under section 431, and the minimum present value segment rates under section 417 as in effect for plan years beginning after 2007.

The IRS notes that these rates reflect certain changes implemented by the Moving Ahead for Progress in the 21st Century Act, Public Law 112-141 (MAP-21).

IRS plans to publish the notice in Internal Revenue Bulletin 2013-6, dated February 4, 2013.

Notice 2013-2