For each month up to 60 months deduct 1/24 of 1%;
For each month beyond 60 months deduct 1/12 of 1%.
Factors for Converting Temporary Additional Benefit Under Step-Down Life Annuity
Age of participant1 at the later of the date the temporary additional benefit commences or the date of plan termination | Number of years temporary additional benefit is payable under the plan as of the date of plan termination2 | |||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
45 | 0.060 | 0.117 | 0.170 | 0.220 | 0.268 | 0.315 | 0.355 | 0.395 | 0.435 | 0.475 |
46 | .061 | .119 | .173 | .224 | .273 | .321 | .362 | .403 | .444 | .485 |
47 | .062 | .121 | .176 | .228 | .278 | .327 | .369 | .411 | .453 | .495 |
48 | .063 | .123 | .179 | .232 | .283 | .333 | .376 | .419 | .462 | .505 |
49 | .064 | .125 | .182 | .236 | .288 | .339 | .383 | .427 | .471 | .515 |
50 | .065 | .127 | .185 | .240 | .293 | .345 | .390 | .435 | .480 | .525 |
51 | .066 | .129 | .188 | .244 | .298 | .351 | .397 | .443 | .489 | .535 |
52 | .067 | .131 | .191 | .248 | .303 | .357 | .404 | .451 | .498 | .545 |
53 | .068 | .133 | .194 | .252 | .308 | .363 | .411 | .459 | .507 | .555 |
54 | .069 | .135 | .197 | .256 | .313 | .369 | .418 | .467 | .516 | .565 |
55 | .070 | .137 | .200 | .260 | .318 | .375 | .425 | .475 | .525 | .575 |
56 | .072 | .141 | .206 | .268 | .328 | .387 | .439 | .491 | .543 | |
57 | .074 | .145 | .212 | .276 | .338 | .399 | .453 | .507 | ||
58 | .076 | .149 | .218 | .284 | .348 | .411 | .467 | |||
59 | .078 | 153 | .224 | .292 | .358 | .423 | ||||
60 | .080 | .157 | .230 | .300 | .368 | |||||
61 | .082 | .161 | .236 | .308 | ||||||
62 | .084 | .165 | .242 | |||||||
63 | .086 | .169 | ||||||||
64 | .088 |
1 At last birthday.
2 If the benefit is payable for less than 1 yr, the appropriate factor is obtained by multiplying the factor for 1 yr by a fraction, the numerator of which is the number of months the benefit is payable, and the denominator of which is 12. If the benefit is payable for 1 or more whole years, plus an additional number of months less than 12, the appropriate factor is obtained by linear interpolation between the factor for the number of whole years the benefit is payable and the factor for the next year.
29 C.F.R. §4022.23