Part III. Administrative, Procedural, and Miscellaneous

The average yield on the 30-year Treasury Constant Maturities for May 1998 is 5.93 percent. The following rates were determined for the plan years beginning in the month shown below.

Weighted Average Interest Rate Update

Notice 98–33

Notice 88–73 provides guidelines for determining the weighted average interest rate and the resulting permissible 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, Pub. L. 103–465 (GATT).

90% to 106% 90% to 110% Weighted Permissible Permissible Month Year Average Range Range

June 1998 6.59 5.93 to 6.99 5.93 to 7.25

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 3:30 p.m. Eastern time (not a toll-free number). Ms. Prestia’s number is (202) 622-7473 (also not a toll-free number).

June 22, 1998 10 1998–25 I.R.B.