The value of a benefit which is to be paid as an annuity is the cost of purchasing the annuity on the date of distribution from an insurer.
[61 FR 34059, July 1, 1996, as amended at 76 FR 34606, June 14, 2011]
source: 61 FR 34059, July 1, 1996, unless otherwise noted.
cite as: 29 CFR 4044.71