[Federal Register Volume 67, Number 237 (Tuesday, December 10, 2002)]
[Corrections]
[Page 75899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C2-25338]



  Federal Register / Vol. 67, No. 237 / Tuesday, December 10, 2002 / 
CORRECTIONS  

[[Page 75899]]



DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-124667-02]
RIN 1545-BA78


Disclosure of Relative Values of Optional Forms of Benefit

Correction

    In proposed rule document 02-25338 beginning on page 62417 in the 
issue of Monday, October 7, 2002, make the following correction:


Sec.  1.417(a)(3)-1  [Corrected]

    On page 62425, in Sec.  1.417(a)(3)-1, the table is being 
republished in its entirety.

                           Age 55 Commencement
------------------------------------------------------------------------
                                    Amount of
                                distribution per
        Optional form          $1,000 of immediate     Relative value
                               single life annuity
------------------------------------------------------------------------
    Life Annuity............  $1,000 per month....  Approximately the
                                                     same value as the
                                                     OJSA.
    QJSA (joint and 75%       $956 per month......  n/a.
     survivor annuity).
    Joint and 100% survivor   $886 per month......  Approximately the
     annuity.                                        same value as the
                                                     QJSA.
    Lump sum................  $165,959............  Approximately the
                                                     same value as the
                                                     QJSA.
------------------------------------------------------------------------


                           Age 60 Commencement
------------------------------------------------------------------------
                                    Amount of
                                distribution per
        Optional form          $1,000 of immediate     Relative value
                               single life annuity
------------------------------------------------------------------------
    Life Annuity............  $1,000 per month....  Approximately 94% of
                                                     the value of the
                                                     QJSA.
    QJSA (joint and 75%       $945 per month......  n/a.
     survivor annuity).
    Joint and 100% survivor   $859 per month......  Approximately 94% of
     annuity.                                        the value of the
                                                     QJSA.
    Lump sum................  $151,691............  Approximately the
                                                     same value as the
                                                     QJSA.
------------------------------------------------------------------------


                           Age 65 Commencement
------------------------------------------------------------------------
                                    Amount of
                                distribution per
        Optional form          $1,000 of immediate     Relative value
                               single life annuity
------------------------------------------------------------------------
    Life Annuity............  $1,000 per month....  Approximately 93% of
                                                     the value of the
                                                     QJSA.
    QJSA (joint and 75%       $932 per month......  n/a.
     survivor annuity).
    Joint and 100% survivor   $828 per month......  Approximately 93% of
     annuity.                                        the value of the
                                                     QJSA.
    Lump sum................  $135,759............  Approximately 93% of
                                                     the value of the
                                                     QJSA.
------------------------------------------------------------------------


[FR Doc. C2-25338 Filed 12-9-02; 8:45 am]
BILLING CODE 1505-01-D