Internal Revenue Service
Revenue Ruling

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 Rev. Rul. 67-78

1967-1 C.B. 94

Sec. 403

Full Text

Rev. Rul. 67-78

Request has been made for a supplement to table I of section 1.403(b)-1(d)(4) of the Income Tax Regulations. Table I shows, for normal retirement at ages 60, 62, and 65, the annuity values to be used in the formula set forth in such regulation for determining the amounts of certain employer contributions where the actual amounts are not known. Table I is hereby supplemented as follows:

                         Table I supplemented

[Value at normal retirement ages of annuity of $1 per annum payable
  in equal monthly installments during life of employee based upon
                          employee's sex]

                                      |      Value
                Normal retirement age |_________________
                                      |   Male | Female
                ______________________|________|________
                55 __________________ |  14.42 |  16.30
                56 __________________ |  14.06 |  15.92
                57 __________________ |  13.69 |  15.54
                58 __________________ |  13.32 |  15.16
                59 __________________ |  12.95 |  14.76
                60 __________________ |  12.57 |  14.36
                61 __________________ |  12.19 |  13.96
                62 __________________ |  11.80 |  13.55
                63 __________________ |  11.41 |  13.14
                64 __________________ |  11.02 |  12.73
                65 __________________ |  10.63 |  12.31
                66 __________________ |  10.25 |  11.89
                67 __________________ |   9.87 |  11.47
                68 __________________ |   9.50 |  11.04
                69 __________________ |   9.12 |  10.61
                70 __________________ |   8.76 |  10.18