Income taxes: Correction,

[Federal Register: December 10, 2002 (Volume 67, Number 237)]

[CORRECTIONS]

[Page 75899]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr10de02-70]

[[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