{
  "slug": "irs-segment-rates",
  "kind": "segmentRates",
  "title": "IRS minimum present value segment rates",
  "definition": "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.",
  "regulation": "IRC §417(e)(3)(D); IRC §430(h)(2)(C); monthly IRS interest-rate notices",
  "keyFormat": "YYYY-MM",
  "unit": "percent",
  "columns": [
    {
      "key": "segment1",
      "label": "Segment 1 (payments in years 1–5)",
      "unit": "%"
    },
    {
      "key": "segment2",
      "label": "Segment 2 (years 6–20)",
      "unit": "%"
    },
    {
      "key": "segment3",
      "label": "Segment 3 (years 21+)",
      "unit": "%"
    }
  ],
  "cadence": {
    "kind": "monthly",
    "rule": "Published monthly; the source typically lags the calendar by up to 3 months. The latest period held here is 2026-07."
  },
  "source": {
    "name": "IRS — Minimum Present Value Segment Rates",
    "url": "https://www.irs.gov/retirement-plans/minimum-present-value-segment-rates",
    "citation": "IRS 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"
  },
  "attested": {
    "on": "2026-09-09",
    "against": "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."
  },
  "addin": {
    "fn": "aos_EconMonthlyLookup",
    "example": "=aos_EconMonthlyLookup(\"Segment 1\", 2026, 6)",
    "note": "The ActuarialOS Excel add-in is free and returns this series with one worksheet function."
  },
  "basis": null,
  "platform": "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.",
  "disclaimer": "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.",
  "contentHash": "a5b6295f2025494925e30419cdda2bc80bd0abe6ffdb56be434190b1cbb1c644",
  "current": {
    "key": "2026-07",
    "values": [
      4.62,
      5.62,
      6.51
    ]
  },
  "rows": [
    {"key":"2020-01","values":[1.91,2.93,3.54]},
    {"key":"2020-02","values":[1.73,2.72,3.35]},
    {"key":"2020-03","values":[2.22,3.08,3.73]},
    {"key":"2020-04","values":[1.58,2.88,3.24]},
    {"key":"2020-05","values":[1.08,2.78,3.47]},
    {"key":"2020-06","values":[0.74,2.57,3.32]},
    {"key":"2020-07","values":[0.59,2.25,3.01]},
    {"key":"2020-08","values":[0.52,2.22,3.03]},
    {"key":"2020-09","values":[0.51,2.31,3.15]},
    {"key":"2020-10","values":[0.54,2.38,3.28]},
    {"key":"2020-11","values":[0.53,2.31,3.09]},
    {"key":"2020-12","values":[0.51,2.26,3.01]},
    {"key":"2021-01","values":[0.5,2.38,3.17]},
    {"key":"2021-02","values":[0.51,2.54,3.45]},
    {"key":"2021-03","values":[0.69,2.92,3.69]},
    {"key":"2021-04","values":[0.67,2.84,3.47]},
    {"key":"2021-05","values":[0.61,2.84,3.54]},
    {"key":"2021-06","values":[0.63,2.7,3.32]},
    {"key":"2021-07","values":[0.63,2.51,3.1]},
    {"key":"2021-08","values":[0.66,2.5,3.12]},
    {"key":"2021-09","values":[0.7,2.55,3.06]},
    {"key":"2021-10","values":[0.87,2.74,3.16]},
    {"key":"2021-11","values":[1.02,2.72,3.08]},
    {"key":"2021-12","values":[1.16,2.72,3.1]},
    {"key":"2022-01","values":[1.41,3.02,3.36]},
    {"key":"2022-02","values":[1.88,3.35,3.7]},
    {"key":"2022-03","values":[2.44,3.71,3.94]},
    {"key":"2022-04","values":[3,4.22,4.17]},
    {"key":"2022-05","values":[3.23,4.59,4.69]},
    {"key":"2022-06","values":[3.64,4.8,4.78]},
    {"key":"2022-07","values":[3.67,4.67,4.73]},
    {"key":"2022-08","values":[3.79,4.62,4.69]},
    {"key":"2022-09","values":[4.48,5.26,5.07]},
    {"key":"2022-10","values":[5.1,5.83,5.68]},
    {"key":"2022-11","values":[5.09,5.6,5.41]},
    {"key":"2022-12","values":[4.84,5.15,4.85]},
    {"key":"2023-01","values":[4.74,4.98,4.84]},
    {"key":"2023-02","values":[4.99,5.12,4.96]},
    {"key":"2023-03","values":[5,5.2,5.15]},
    {"key":"2023-04","values":[4.77,4.97,5.13]},
    {"key":"2023-05","values":[4.91,5.15,5.34]},
    {"key":"2023-06","values":[5.26,5.23,5.16]},
    {"key":"2023-07","values":[5.35,5.28,5.1]},
    {"key":"2023-08","values":[5.45,5.52,5.43]},
    {"key":"2023-09","values":[5.58,5.66,5.56]},
    {"key":"2023-10","values":[5.77,6.14,6.19]},
    {"key":"2023-11","values":[5.5,5.76,5.83]},
    {"key":"2023-12","values":[5.01,5.13,5.15]},
    {"key":"2024-01","values":[4.89,5.14,5.29]},
    {"key":"2024-02","values":[4.97,5.22,5.37]},
    {"key":"2024-03","values":[4.99,5.19,5.37]},
    {"key":"2024-04","values":[5.24,5.48,5.61]},
    {"key":"2024-05","values":[5.18,5.41,5.62]},
    {"key":"2024-06","values":[5.09,5.28,5.52]},
    {"key":"2024-07","values":[4.92,5.25,5.59]},
    {"key":"2024-08","values":[4.5,4.96,5.4]},
    {"key":"2024-09","values":[4.17,4.76,5.25]},
    {"key":"2024-10","values":[4.42,5.04,5.46]},
    {"key":"2024-11","values":[4.66,5.25,5.57]},
    {"key":"2024-12","values":[4.65,5.28,5.63]},
    {"key":"2025-01","values":[4.74,5.55,5.92]},
    {"key":"2025-02","values":[4.65,5.38,5.81]},
    {"key":"2025-03","values":[4.5,5.33,5.86]},
    {"key":"2025-04","values":[4.51,5.49,6.07]},
    {"key":"2025-05","values":[4.5,5.57,6.23]},
    {"key":"2025-06","values":[4.43,5.46,6.13]},
    {"key":"2025-07","values":[4.38,5.41,6.13]},
    {"key":"2025-08","values":[4.2,5.29,6.08]},
    {"key":"2025-09","values":[4.06,5.12,5.93]},
    {"key":"2025-10","values":[4.01,5.04,5.83]},
    {"key":"2025-11","values":[4.07,5.15,6.01]},
    {"key":"2025-12","values":[4.03,5.17,6.11]},
    {"key":"2026-01","values":[4.03,5.2,6.12]},
    {"key":"2026-02","values":[3.96,5.15,6.11]},
    {"key":"2026-03","values":[4.24,5.35,6.25]},
    {"key":"2026-04","values":[4.27,5.34,6.22]},
    {"key":"2026-05","values":[4.42,5.47,6.31]},
    {"key":"2026-06","values":[4.49,5.43,6.18]},
    {"key":"2026-07","values":[4.62,5.62,6.51]}
  ]
}