Part III. Administrative, Procedural, and Miscellaneous

P.L. 103–465 (GATT).

The average yield on the 30-year Treasury Constant Maturities for September 1996 is 7.03 percent.

The following rates were determined for the plan years beginning in the month shown below.

Weighted Average Interest Rate Update

Notice 96–54

Notice 88–73 provides guidelines for determining the weighted average interest rate and the resulting permissible

Month Year

range of interest rates used to calculate current liability for the purpose of the full funding limitation of § 412(c)(7) of the Internal Revenue Code as amended by the Omnibus Budget Reconciliation Act of 1987 and as further amended by the Uruguay Round Agreements Act,

Weighted

Average

90% to 110% Permissible

Range

90% to 108% Permissible

Range

October 1996 6.91 6.22 to 7.47 6.22 to 7.61

Drafting Information

The principal author of this notice is Donna Prestia of the Employee Plans

Division. For further information regarding this notice, call (202) 622–6076 between 2:30 and 4:00 p.m. Eastern time (not a toll-free number). Ms.

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Prestia’s number is (202) 622–7377 (also not a toll-free number).