IRS minimum present value segment rates
The three monthly spot segment rates the IRS publishes under IRC §417(e)(3)(D) for minimum lump-sum present values and under §430(h)(2)(C) for single-employer funding, in percent.
Current value: Segment 1 (payments in years 1–5): 4.62%; Segment 2 (years 6–20): 5.62%; Segment 3 (years 21+): 6.51% as of 2026-07.
| Month | Segment 1 (payments in years 1–5)% | Segment 2 (years 6–20)% | Segment 3 (years 21+)% |
|---|---|---|---|
| 2020-01 | 1.91% | 2.93% | 3.54% |
| 2020-02 | 1.73% | 2.72% | 3.35% |
| 2020-03 | 2.22% | 3.08% | 3.73% |
| 2020-04 | 1.58% | 2.88% | 3.24% |
| 2020-05 | 1.08% | 2.78% | 3.47% |
| 2020-06 | 0.74% | 2.57% | 3.32% |
| 2020-07 | 0.59% | 2.25% | 3.01% |
| 2020-08 | 0.52% | 2.22% | 3.03% |
| 2020-09 | 0.51% | 2.31% | 3.15% |
| 2020-10 | 0.54% | 2.38% | 3.28% |
| 2020-11 | 0.53% | 2.31% | 3.09% |
| 2020-12 | 0.51% | 2.26% | 3.01% |
| 2021-01 | 0.5% | 2.38% | 3.17% |
| 2021-02 | 0.51% | 2.54% | 3.45% |
| 2021-03 | 0.69% | 2.92% | 3.69% |
| 2021-04 | 0.67% | 2.84% | 3.47% |
| 2021-05 | 0.61% | 2.84% | 3.54% |
| 2021-06 | 0.63% | 2.7% | 3.32% |
| 2021-07 | 0.63% | 2.51% | 3.1% |
| 2021-08 | 0.66% | 2.5% | 3.12% |
| 2021-09 | 0.7% | 2.55% | 3.06% |
| 2021-10 | 0.87% | 2.74% | 3.16% |
| 2021-11 | 1.02% | 2.72% | 3.08% |
| 2021-12 | 1.16% | 2.72% | 3.1% |
| 2022-01 | 1.41% | 3.02% | 3.36% |
| 2022-02 | 1.88% | 3.35% | 3.7% |
| 2022-03 | 2.44% | 3.71% | 3.94% |
| 2022-04 | 3% | 4.22% | 4.17% |
| 2022-05 | 3.23% | 4.59% | 4.69% |
| 2022-06 | 3.64% | 4.8% | 4.78% |
| 2022-07 | 3.67% | 4.67% | 4.73% |
| 2022-08 | 3.79% | 4.62% | 4.69% |
| 2022-09 | 4.48% | 5.26% | 5.07% |
| 2022-10 | 5.1% | 5.83% | 5.68% |
| 2022-11 | 5.09% | 5.6% | 5.41% |
| 2022-12 | 4.84% | 5.15% | 4.85% |
| 2023-01 | 4.74% | 4.98% | 4.84% |
| 2023-02 | 4.99% | 5.12% | 4.96% |
| 2023-03 | 5% | 5.2% | 5.15% |
| 2023-04 | 4.77% | 4.97% | 5.13% |
| 2023-05 | 4.91% | 5.15% | 5.34% |
| 2023-06 | 5.26% | 5.23% | 5.16% |
| 2023-07 | 5.35% | 5.28% | 5.1% |
| 2023-08 | 5.45% | 5.52% | 5.43% |
| 2023-09 | 5.58% | 5.66% | 5.56% |
| 2023-10 | 5.77% | 6.14% | 6.19% |
| 2023-11 | 5.5% | 5.76% | 5.83% |
| 2023-12 | 5.01% | 5.13% | 5.15% |
| 2024-01 | 4.89% | 5.14% | 5.29% |
| 2024-02 | 4.97% | 5.22% | 5.37% |
| 2024-03 | 4.99% | 5.19% | 5.37% |
| 2024-04 | 5.24% | 5.48% | 5.61% |
| 2024-05 | 5.18% | 5.41% | 5.62% |
| 2024-06 | 5.09% | 5.28% | 5.52% |
| 2024-07 | 4.92% | 5.25% | 5.59% |
| 2024-08 | 4.5% | 4.96% | 5.4% |
| 2024-09 | 4.17% | 4.76% | 5.25% |
| 2024-10 | 4.42% | 5.04% | 5.46% |
| 2024-11 | 4.66% | 5.25% | 5.57% |
| 2024-12 | 4.65% | 5.28% | 5.63% |
| 2025-01 | 4.74% | 5.55% | 5.92% |
| 2025-02 | 4.65% | 5.38% | 5.81% |
| 2025-03 | 4.5% | 5.33% | 5.86% |
| 2025-04 | 4.51% | 5.49% | 6.07% |
| 2025-05 | 4.5% | 5.57% | 6.23% |
| 2025-06 | 4.43% | 5.46% | 6.13% |
| 2025-07 | 4.38% | 5.41% | 6.13% |
| 2025-08 | 4.2% | 5.29% | 6.08% |
| 2025-09 | 4.06% | 5.12% | 5.93% |
| 2025-10 | 4.01% | 5.04% | 5.83% |
| 2025-11 | 4.07% | 5.15% | 6.01% |
| 2025-12 | 4.03% | 5.17% | 6.11% |
| 2026-01 | 4.03% | 5.2% | 6.12% |
| 2026-02 | 3.96% | 5.15% | 6.11% |
| 2026-03 | 4.24% | 5.35% | 6.25% |
| 2026-04 | 4.27% | 5.34% | 6.22% |
| 2026-05 | 4.42% | 5.47% | 6.31% |
| 2026-06 | 4.49% | 5.43% | 6.18% |
| 2026-07 | 4.62% | 5.62% | 6.51% |
Source and verification
- Source
- IRS — Minimum Present Value Segment RatesIRS monthly notices under §417(e)(3)(D) and §430(h)(2)(C) (the three segment rates; published under §430(h)(2)(F)), spot rates for the month
- Regulation
- IRC §417(e)(3)(D); IRC §430(h)(2)(C); monthly IRS interest-rate notices
- Verified
- September 9, 2026Against: IRS 'Minimum Present Value Segment Rates' page (irs.gov/retirement-plans/minimum-present-value-segment-rates); the monthly IRS notices (irs.gov/pub/irs-drop/n-26-NN.pdf) for the months the page does not carry yet.How: scripts/segmentRateIngest.js reproduced 77 of 77 committed months through 2026-05 from the live page (the page's own horizon that day). scripts/irsNoticeIngest.js read every 2026 rate notice (nine): the seven months the page carries agree with it; 2026-06 (Notice 2026-44) and 2026-07 (Notice 2026-51) come from the notices, each stated twice in its notice (prose and the §417(e) table) and agreeing.
- Publication rule
- Published monthly; the source typically lags the calendar by up to 3 months. The latest period held here is 2026-07.
Cite this page: ActuarialOS, “IRS minimum present value segment rates”, https://actuarialos.io/reference/irs-segment-rates — verified 2026-09-09.
In Excel: =aos_EconMonthlyLookup("Segment 1", 2026, 6) The ActuarialOS Excel add-in is free and returns this series with one worksheet function. Download the add-in.
In ActuarialOS these rates feed the §430 funding target and the §417(e) minimum lump sum on every funding run, read from this same library; the 24-month averages and stabilized rates are derived from them in the engine. About the platform.
Values on this page are transcribed from the cited source and checked against it by an automated instrument; the source governs. Confirm any figure against the notice before relying on it in signed work.