The Internal Revenue Service (IRS) on January 15 released Notice 2015-5 providing 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 under section 430(h)(2) of the Internal Revenue Code.
In addition, the notice provides guidance as to the interest rate on 30-year Treasury securities under section 417(e)(3)(A)(ii)(II) as in effect for plan years beginning before 2008 and the 30-year Treasury weighted average rate under § 431(c)(6)(E)(ii)(I).
The IRS notes that the rates in the notice reflect the application of section 430(h)(2)(C)(iv), added by the Moving Ahead for Progress in the 21st Century Act (MAP-21) and amended by the Highway and Transportation Funding Act of 2014 (HATFA).
IRS plans to publish the notice in Internal Revenue Bulletin 2015-5, dated February 2, 2015.