CFR > Title 29 - Labor > SUBTITLE B—Regulations Relating to Labor > CHAPTER XL—PENSION BENEFIT GUARANTY CORPORATION (parts 4000 to 4907) > SUBCHAPTER J—INSOLVENCY, REORGANIZATION, TERMINATION, AND OTHER RULES APPLICABLE TO MULTIEMPLOYER PLANS (parts 4231 to 4281) > PART 4281—DUTIES OF PLAN SPONSOR FOLLOWING MASS WITHDRAWAL > SUBPART B—Valuation of Plan Benefits and Plan Assets (§4281.11 to §4281.18) > 4281.13—Benefit valuation methods—in general.

4281.13—Benefit valuation methods—in general.

Except as otherwise provided in § 4281.16 (regarding plans that are closing out), the plan sponsor shall value benefits as of the valuation date by—
(a) Using the interest assumptions described in Table I of appendix B to part 4044 of this chapter ;
(b) Using the mortality assumptions described in § 4281.14 ;
(c) Using interpolation methods, where necessary, at least as accurate as linear interpolation;
(d) Applying valuation formulas that accord with generally accepted actuarial principles and practices; and
(e) Adjusting the values to reflect the loading for expenses in accordance with appendix C to part 4044 of this chapter (substituting the term “benefits” for the term “benefit liabilities (as defined in 29 U.S.C. § 1301(a)(16) )”).

Code of Federal Regulations

[61 FR 34118, July 1, 1996, as amended at 63 FR 38307, July 16, 1998]